000 01537nab a2200253 c 4500
999 _c146701
_d146701
003 ES-MaIEF
005 20221110133328.0
007 ta
008 221110t2022 us ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
245 0 _aFive facts about the distributional income effects of monetary policy shocks
_c by Niklas Amberg, Thomas Jansson, Mathias Klein and Anna Rogantini Picco
500 _aResumen.
504 _aBibliografĂ­a.
520 _aWe document five facts about the distributional income effects of monetary policy shocks using Swedish administrative individual-level data. (i) The effects of monetary policy shocks are U shaped over the income distribution—that is, expansionary shocks increase the incomes of high- and low-income individuals relative to middle-income individuals. (ii) The large effects in the bottom are accounted for by the labor-income response and (iii) those in the top by the capital-income response. (iv) The heterogeneity in the labor-income response is due to the earnings heterogeneity channel, whereas (v) that in the capital-income response is due to the income composition channel.
650 4 _948062
_aPOLITICA MONETARIA
650 _aRENTA
_950200
650 _aDISTRIBUCION
_98496
650 _aDESIGUALDAD
_942588
650 _aSUECIA
_948506
650 4 _947776
_aMODELOS ECONOMETRICOS
700 1 _970168
_aAmberg, Niklas
773 0 _9168339
_oOP 2145/2022/3
_tThe American Economic Review
_x 2640-205X
_g v. 4, n. 3, September 2022, p. 289-304
942 _cART