Disparate Racial Impact: Tax Expenditure Reform Needed
Tom Neubig | 23 March 2021
Fiscal,
Policy Briefs | Tags:
Income Inequality,
Tax Expenditures This policy brief discusses the issues of potential disparate racial impacts of U.S. tax laws regarding government subsidy and incentive programs run through the tax system: tax expenditures. It analyzes the available data, provides normative insights, and describes eight steps to address disparate racial impacts
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Distributional Impact of Unconventional Monetary Policies
Pierre Monnin | 25 June 2019
Discussion Notes,
Monetary | Tags:
Income Inequality,
Monetary Policy,
QE The sustained application of accommodative monetary policies has led to concerns that they were aggravating inequality. The criticism has come from several quarters, from academics to private sector participants, from politicians to media and civil society organizations. Some argued that by boosting housing and stock
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Monetary Policy and the Redistribution Channel
Adrien Auclert | 28 June 2017
Monetary,
Working Papers | Tags:
Income Inequality,
Inflation,
Interest Rates This paper evaluates the role of redistribution in the transmission mechanism of monetary policy to consumption. Three channels affect aggregate spending when winners and losers have different marginal propensities to consume: an earnings heterogeneity channel from unequal income gains, a Fisher channel from unexpected inflation,
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