Publication: Efectos de la política monetaria del Banco Central Europeo sobre la desigualdad
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2019
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Instituto Complutense de Estudios Internacionales (ICEI)
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La política monetaria puede alterar de forma heterogénea el bienestar individual y la desigualdad, incluso aunque consiga alcanzar sus principales objetivos, como la estabilidad de precios. Debido a que la desigualdad es un problema que está aumentando a nivel internacional, en este artículo se estudia cómo y a través de qué canales la política monetaria puede influir sobre ésta. De este modo, los efectos se pueden producir a través de las variaciones en los tipos de interés y del crecimiento del ingreso, entre otras variables que son comprendidas en el mecanismo de transmisión de la política monetaria.
Monetary policy can modify the individual well-being and the inequality in a heterogeneous way, even if it reaches its main objectives, such as price stability. Since inequality is a problem that is growing internationally, this article studies how and through which channels monetary policy can influence on inequality. In this way, effects can be produced through variations in interest rates and income growth, among other variables that are included in the transmission mechanism of monetary policy.
Monetary policy can modify the individual well-being and the inequality in a heterogeneous way, even if it reaches its main objectives, such as price stability. Since inequality is a problem that is growing internationally, this article studies how and through which channels monetary policy can influence on inequality. In this way, effects can be produced through variations in interest rates and income growth, among other variables that are included in the transmission mechanism of monetary policy.
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