The redistributive effects of forward guidance
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DOI: 10.1016/j.econlet.2019.06.008
Abstract: Abstract We examine the redistributive effects of forward guidance under the zero lower bound. We show that the effects of forward guidance depend on savers’ asset positions and the nature of financial frictions. If borrowers… read more here.
Keywords: redistributive effects; forward guidance; guidance; effects forward ... See more keywords
Intergenerational Redistributive Effects of Monetary Policy
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DOI: 10.1093/jeea/jvab032
Abstract: This paper investigates the distributional consequences of monetary policy across generations. We use a life-cycle model with a rich asset structure as well as nominal and real rigidities, calibrated to the euro area using both… read more here.
Keywords: effects monetary; monetary policy; intergenerational redistributive; policy ... See more keywords
Welfare and Redistributive Effects of Social Assistance in the Global South
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DOI: 10.1111/padr.12308
Abstract: This paper presents an analysis of the recent evolution of social assistance in the developing world, looking at its complex typological configuration, which has interlinked with, and partly reflects the complex demographic and epidemiological transitions… read more here.
Keywords: welfare redistributive; assistance; redistributive effects; social assistance ... See more keywords