Monetary Policy and Sustainability. The Case of Bangladesh
Alexander Barkawi and
Pierre Monnin | 31 May 2015
Monetary,
Discussion Notes | Tags:
Employment,
Energy,
Financial Inclusion
Central banks have wide ranging effects on the economy and society as a whole. Their decisions on monetary policy and sustainability are closely intertwined. Nonetheless, the links between the mandates, objectives and instruments of central banks and a broad sustainability agenda are rarely reflected in
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Central Banks, Financial Stability and Inequality
Pierre Monnin | 9 March 2015
Monetary,
Blog | Tags:
Central Banks,
Financial Stability,
Inequality
When you ask a central banker what her job is, she will most probably answer: “keeping inflation under control!” Indeed, securing price stability constitutes the current raison d’être of most, if not all, central banks around the world. In parallel to this objective, however, many
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Should the ECB Helicopter Adjust Its Dropping Zone?
Pierre Monnin | 4 February 2015
Monetary,
Blog | Tags:
Inequality,
QE
“Let us suppose that one day a helicopter flies over this community and drops an additional $1000 in bills from the sky…” This pleasant image conveyed by Milton Friedman’s famous metaphor is taken to new heights by Mario Draghi, who promised to inject €60 billion
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Monetary Policy and Inequality – What Do Central Bankers Say?
Pierre Monnin | 24 November 2014
Monetary,
Blog | Tags:
Central Banks,
Inequality
“Benign neglect” perhaps most aptly characterizes the attitude that central bankers have traditionally displayed toward the topic of economic inequality. Indeed, monetary policy and inequality have long been regarded as having nothing more in common than just the fact that they both coexist. In the
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Does Unconventional Monetary Policy Affect Inequality? Evidence from Japan
Ayako Saiki and
Jon Frost | 17 October 2014
Monetary,
Research Papers | Tags:
Inequality,
QE
Inequality has been largely ignored in the literature and practice of monetary policy, but is gaining more attention recently. Here, we exclusively focus on the impact of unconventional monetary policy (UMP) on inequality. We look at how the recent UMP in Japan affected inequality, using
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Monetary Policy and Sustainability
16-20 June, 2014
Conferences,
Monetary | Tags:
Inequality,
QE,
Resource Security
Monetary policy has wide ranging effects on the economy and society as a whole. The actions taken by central banks with regard to interest rate levels, inflation targets, and exchange rates are key factors in investment decisions and play a significant role in the distribution
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Does Inflation Really Hurt the Poor More than the Rich?
Pierre Monnin | 26 May 2014
Monetary,
Blog | Tags:
Inequality,
Inflation
After being neglected for decades, income and wealth inequality are back at the center of economic discussions. Recent work by the IMF, renowned economists like Joseph Stiglitz (e.g. in his book “The Price of Inequality”), as well as the lively debate generated by Thomas Piketty’s
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Inflation and Income Inequality in Developed Economies
Pierre Monnin | 15 May 2014
Monetary,
Research Papers | Tags:
Inequality,
Inflation
This paper explores the empirical link between income inequality and inflation in ten OECD countries over the period 1971 to 2010. In addition to inflation, we include six control variables
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Monetary Policy and Resource Security
22-24 April, 2014
Monetary,
Workshops | Tags:
Commodities,
Energy,
Resource Security
Resource security – the capacity to meet current and future demand for food, water, land, energy and minerals – has been a key concern for policymakers for a long time. As global consumption levels rise, debates on how to safeguard natural capital are moving up
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Monetary Policy and Inequality
3-4 April 2014
Monetary,
Workshops | Tags:
Inequality
The Council on Economic Policies (CEP) and the Federal Reserve Bank of Atlanta organized a workshop on Monetary Policy and Inequality on 3-4 April 2014 at the Federal Reserve Bank of Atlanta.
Since the beginning of the 1990s, income and wealth inequality has been rising in
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