E-grāmata: Central Banking, Monetary Policy and Income Distribution

Inequality in the distributions of income and wealth continues to rise. Meanwhile, since the global financial crisis, central bankers have become aware that in a monetary-production economy, theres more to life than fine tuning an economy with reference to an inflation target. The time is therefore ripe for reinvigoration of research into the links between monetary policy and distribution. And with its clear focus throughout on the interest rateincome distribution nexus, this book delivers. -- Mark Setterfield, New School for Social Research, US This book is a very welcome addition to the literature on central banking. Behind all the talk about inflation targeting, dual mandates, and so forth, it is obvious that monetary policy directly affects income distribution. Maybe this is what it has been about all along? The Editors have invited an impressive list of well-known and emerging scholars who explore the link between monetary policy and income and wealth inequalities in the best tradition of Keynes and post-Keynesian economics. -- John Smithin, York University, Canada This book blazes new terrain on the role of monetary policy by focusing on its impact on income inequality. -- Steven Pressman, Monmouth University, US