Disinflations and income distribution
Most countries in the world have brought inflation down to very low rates. While there is broad consensus regarding the fact that polices aimed at bringing down inflation have adverse consequences on aggregate output and unemployment, at least in the short run, we know little about the distributiona...
- Autores:
-
Gómez Acevedo, Laura
Hofstetter Gascón, Marc
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2020
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/47163
- Acceso en línea:
- http://hdl.handle.net/1992/47163
- Palabra clave:
- Monetary Policy
Central Banks
Inflation
Disinflation
Income distribution
E31, E32, E43, E52, E58, D31
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Gómez Acevedo, Laura2778a512-0a3e-4b7b-95ca-735c61b2cdb1600Hofstetter Gascón, Marc87316002020-10-20T13:35:48Z2020-10-20T13:35:48Z20201657-5334http://hdl.handle.net/1992/471631657-719110.57784/1992/47163instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Most countries in the world have brought inflation down to very low rates. While there is broad consensus regarding the fact that polices aimed at bringing down inflation have adverse consequences on aggregate output and unemployment, at least in the short run, we know little about the distributional impact of disinflations. We find that along with disinflation, the income distribution tends to worsen: the Gini increases and the income share of those at the top of the income distribution significantly increases. We discuss the implications of these findings for monetary policy.32 páginasengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 41 Octubre de 2020https://ideas.repec.org/p/col/000089/018481.htmlDisinflations and income distributionDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPMonetary PolicyCentral BanksInflationDisinflationIncome distributionE31, E32, E43, E52, E58, D31Facultad de EconomíaPublicationORIGINALdcede2020-41.pdfdcede2020-41.pdfapplication/pdf10214608https://repositorio.uniandes.edu.co/bitstreams/2991c443-a9e1-4117-948c-03fa4fc2fde6/download7d13d1a462837483eea989218b04c169MD51TEXTdcede2020-41.pdf.txtdcede2020-41.pdf.txtExtracted texttext/plain54665https://repositorio.uniandes.edu.co/bitstreams/8e97048e-2fce-4ec5-8103-65a83e3cd455/downloada320337f17541453aee5f2015ec3c16fMD54THUMBNAILdcede2020-41.pdf.jpgdcede2020-41.pdf.jpgIM Thumbnailimage/jpeg15269https://repositorio.uniandes.edu.co/bitstreams/7abbd854-983c-485a-9083-533ee8337ca3/download640415e71a410489b830bb35d5e3abc3MD551992/47163oai:repositorio.uniandes.edu.co:1992/471632024-06-04 15:32:30.311http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |
| dc.title.none.fl_str_mv |
Disinflations and income distribution |
| title |
Disinflations and income distribution |
| spellingShingle |
Disinflations and income distribution Monetary Policy Central Banks Inflation Disinflation Income distribution E31, E32, E43, E52, E58, D31 |
| title_short |
Disinflations and income distribution |
| title_full |
Disinflations and income distribution |
| title_fullStr |
Disinflations and income distribution |
| title_full_unstemmed |
Disinflations and income distribution |
| title_sort |
Disinflations and income distribution |
| dc.creator.fl_str_mv |
Gómez Acevedo, Laura Hofstetter Gascón, Marc |
| dc.contributor.author.none.fl_str_mv |
Gómez Acevedo, Laura Hofstetter Gascón, Marc |
| dc.subject.keyword.none.fl_str_mv |
Monetary Policy Central Banks Inflation Disinflation Income distribution |
| topic |
Monetary Policy Central Banks Inflation Disinflation Income distribution E31, E32, E43, E52, E58, D31 |
| dc.subject.jel.none.fl_str_mv |
E31, E32, E43, E52, E58, D31 |
| description |
Most countries in the world have brought inflation down to very low rates. While there is broad consensus regarding the fact that polices aimed at bringing down inflation have adverse consequences on aggregate output and unemployment, at least in the short run, we know little about the distributional impact of disinflations. We find that along with disinflation, the income distribution tends to worsen: the Gini increases and the income share of those at the top of the income distribution significantly increases. We discuss the implications of these findings for monetary policy. |
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2020 |
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2020-10-20T13:35:48Z |
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2020-10-20T13:35:48Z |
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2020 |
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Documento de trabajo |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_8042 |
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eng |
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Documentos CEDE No. 41 Octubre de 2020 |
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https://ideas.repec.org/p/col/000089/018481.html |
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openAccess |
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32 páginas |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes, Facultad de Economía, CEDE |
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