dc.contributor.author | Martín-Legendre, Juan-Ignacio | |
dc.contributor.author | Castellanos-García, Pablo | |
dc.contributor.author | Sánchez-Santos, José Manuel | |
dc.date.accessioned | 2024-09-23T09:25:35Z | |
dc.date.available | 2024-09-23T09:25:35Z | |
dc.date.issued | 2023 | |
dc.identifier.citation | Martín-Legendre, J.I., Castellanos-García, P. and Sánchez-Santos, J.M. (2023). Should the monetary authorities be sensitive to inequality concerns? Empirical evidence for a panel of 62 countries. Journal of Economic Studies, 50(7), 1428-1449. https://doi.org/10.1108/JES-05-2022-0262 | es_ES |
dc.identifier.issn | 0144-3585 | |
dc.identifier.uri | http://hdl.handle.net/2183/39170 | |
dc.description.abstract | [Abstract]: This paper studies, by means of an empirical approach, how monetary policy
might affect the distribution of individual income. After describing the channels through
which monetary policy could impinge on income distribution, we carry out a panel
analysis of 62 countries that control their monetary policy for the period 1996-2015.
Using two possible proxy variables for monetary policy (the monetary aggregate M3
and the real interest rates), the results reveal a significant positive relationship between
real interest rates and income inequality measured through the market Gini coefficient
and polarization ratios. Our findings suggest that central bankers should be more aware
of the redistributive effects of monetary policy. | es_ES |
dc.description.sponsorship | This research was supported by the Xunta de Galicia (ED481A-2016/356) and the Ministerio de Economía y Competitividad (Government of Spain - Grant no. CSO2017-86178-R). | es_ES |
dc.description.sponsorship | Xunta de Galicia; ED481A-2016/356 | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Emerald | es_ES |
dc.relation | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016/CSO2017-86178-R/ES/CAPITAL SOCIAL INDIVIDUAL: EL PAPEL DE LAS RELACIONES SOCIALES EN EL MERCADO LABORAL, EL FUNCIONAMIENTO INSTITUCIONAL Y EL BIENESTAR SUBJETIVO | es_ES |
dc.relation.uri | https://doi.org/10.1108/JES-05-2022-0262 | es_ES |
dc.rights | Atribución-NoComercial 4.0 | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by-nc/3.0/es/ | * |
dc.subject | Monetary aggregate m3 | es_ES |
dc.subject | Panel data analysis | es_ES |
dc.subject | Gini coefficient | es_ES |
dc.subject | Income inequality | es_ES |
dc.subject | Monetary policy | es_ES |
dc.subject | Real interest rates | es_ES |
dc.title | Should the monetary authorities be sensitive to inequality concerns? Empirical evidence for a panel of 62 countries | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.rights.access | info:eu-repo/semantics/openAccess | es_ES |
UDC.journalTitle | Journal of Economics Studies | es_ES |
UDC.volume | 50 | es_ES |
UDC.issue | 7 | es_ES |
UDC.startPage | 1428 | es_ES |
UDC.endPage | 1449 | es_ES |
dc.identifier.doi | https://doi.org/10.1108/JES-05-2022-0262 | |