Volumen 45 Número 90 (2022)

Permanent URI for this collectionhttp://54.81.141.168/handle/123456789/193393

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SPECIAL: Economic inequality and redistribution policies
  • Presentation: Special Issue of ECONOMÍA “Economic Inequality and Redistribution Policies” Andreoli, Francesco; Olivera, Javier
  • Mobility prospects and preferences for redistribution in Latin America Lasarga, Evelin; Leiter, Martín; 1-30
  • Allocating an indivisible good. A questionnaire-experimental study of intercultural differences Schokkaert, Erik; Capeau, Bart; Kurt, Devooght; Lelli, Sara; 31-47
  • Poverty dynamics in Nairobi's slums; Testing for state dependence and heterogeneity effects Islam, Md Nizamul; FAYE, Ousmane; 48-73
  • Monetary policy and inequality under household heterogeneity and incomplete markets Villarreal, Francisco Gabriel; 74-110
  • Women Empowerment and Demand for Sexual and Reproductive Health Services Francke, Pedro; Quispe-Ortogorin, Diego; 111-127

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    Author: search.filters.author.Villarreal, Francisco GabrielSubject: search.filters.subject.Incomplete Markets

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      Monetary Policy and Inequality under Household Heterogeneityand Incomplete Markets
      (Pontificia Universidad Católica del Perú, 2022-12-30) Villarreal, Francisco Gabriel
      Motivated by the empirical evidence of the effects of unanticipated nominal interest rate increases on the evolution of household inequality in Mexico, which highlight the importance of insurance mechanisms to deal with idiosyncratic risks, the paper uses a Heterogeneous Agent New Keynesian model to analyze the relationship between monetary policy and household inequality. The model is able to capture the main features that characterise both the business cycle dynamics, as well as the distribution of income and wealth. Results indicate that heterogeneity affects the transmission of monetary policy, and that the design of monetary policy has important distributive effects.