The redistributive consequences of monetary policy
Abstract: Monetary policy is not intended to benefit one segment of the population at the expense of another by redistributing income and wealth. But as Makoto Nakajima explains, it is probably impossible to avoid such redistributive consequences.
File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2015/q2/brQ215_the_redistributive_consequences_of_monetary_policy.pdf
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2015