Are there systematic differences in how different income groups or asset holders are affected by higher interest rates?

Aug 26, 2024 ... Contractionary monetary policy is a macroeconomic tool that a central bank uses to reduce inflation. The goal is to slow the pace of the economy ... This heterogeneity primarily stems from the less favorable labor market responses of minority groups to contractionary monetary policy. These findings emphasize ... May 24, 2017 ... Summary. Using VAR models for the USA, we find that a contractionary monetary policy shock has a persistent negative impact on the level of ... Contractionary monetary policy is one of the two types of monetary policy and can be defined as actions taken by the central bank in order to close an ... They also point to the Fed's unwillingness to try unconventional easing policies in the wake of the financial crisis as a further tightening of monetary policy. Definition: A contractionary policy is a kind of policy which lays emphasis on reduction in the level of money supply for a lesser spending and investment ... The first chapter analyzes the asymmetric effects of contractionary and expansionary monetary policy shocks on income inequality. Using the Consumer ... Jan 10, 2017 ... They find that the redistributive effects of monetary policy are such that contractionary monetary policy shocks increase inequality. The ... Oct 25, 2018 ... Because Italy's debt is very high—over 130 percent of GDP—the proposed budget violates EU fiscal rules. The European Commission has announced ... Jun 7, 2023 ... Tightening driven by contractionary monetary policy shocks leads to a decline in the stock market, while tightening driven by positive ...