货币政策对财富不平等的影响

IF 1.8 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2025-09-01 DOI:10.1016/j.econlet.2025.112573

Yeongwoong Do

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引用次数: 0

摘要

本文利用分配金融账户的季度数据检验了美国货币政策对财富不平等的影响。我构建了五个财富群体的基尼系数，并分析了它们对高频货币冲击的反应。结果表明，紧缩政策通过降低股权价值适度地减少了财富不平等，但这种影响在统计上不显著，并被向有息资产的再分配所抵消。房地产等实物资产在形成这些分配动态方面发挥的作用有限。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Effects of monetary policy on the wealth inequality

This paper examines the effect of monetary policy on wealth inequality in the United States using quarterly data from the Distributional Financial Accounts. I construct a Gini coefficient across five wealth groups and analyze its response to high-frequency-identified monetary shocks. Results suggest contractionary policy modestly reduces wealth inequality via lower equity values, but this effect is statistically insignificant and offset by reallocation toward interest-bearing assets. Real assets, such as housing, play a limited role in shaping these distributional dynamics.

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.