Liberty Street Economics: The Effect of Monetary and Fiscal Policy on Inequality

F E D E R A L   R E S E R V E   B A N K   o f   N E W  Y O R K LIBERTY STREET ECONOMICS   The Effect of Monetary and Fiscal Policy on Inequality   Marco Del Negro, Keshav Dogra, and Laura Pilossoph   How does accounting for households' heterogeneity—and in particular inequality in income and wealth—change our approach to macroeconomics? What are the effects of monetary and fiscal policy on inequality, and what did we learn in this regard from the COVID-19 pandemic? These are some of the questions debated at a recent symposium on "Heterogeneity in Macroeconomics: Implications for Policy" organized by the new Applied Macroeconomics and Econometrics Center (AMEC) of the New York Fed. READ MORE

 

 

 

 

 

 

 

 

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