000			01639nab a2200241 c 4500
999			_c147038 _d147038
003			ES-MaIEF
005			20230202192121.0
007			ta
008			230202t2023 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_970350 _aRouanet, Louis
245		4	_aThe redistributive politics of monetary policy _c Louis Rouanet & Peter Hazlett
500			_aResumen.
504			_aBibliografía.
520			_aMonetary policy and institutions are far from exempt from political influences. In this paper, we analyze monetary institutions not as being run by either benevolent technocrats or a wealth-maximizing Leviathan, but as the outcome of competition between interest groups trying to capture wealth transfers. We argue that while interest groups gaining from specific monetary policies and institutions can easily identify themselves, losers often cannot. As a result, losers have a more difficult time fighting back, and both the organization of money production and monetary policy are shaped by political competition between rent-seekers. We use our framework to analyze modern developments in monetary policies and institutions, namely (1) the Fed’s reaction to the 2007 financial crisis, (2) the Fed’s reaction to the COVID crisis, and (3) the establishment and development of the euro.
650		4	_946815 _aINFLACION
650		4	_948062 _aPOLITICA MONETARIA
650		4	_950200 _aRENTA
650		4	_948219 _aREDISTRIBUCION
700	1		_970351 _aHazlett, Peter
773	0		_9168781 _oOP 1443/2023/194/1/2 _tPublic Choice _w(IEF)124378 _x0048-5829 _g v. 194, n. 1-2, January 2023, p. 1-26
942			_cART