IDEAS home Printed from https://ideas.repec.org/a/chb/bcchec/v2y1999i1p5-22.html
   My bibliography  Save this article

Monetary Policy and Income Distribution

Author

Listed:
  • Jorge Marshall

Abstract

The link hetween monetary policy and equity is reflected directly by ihe effect of inflation on people’s income and indirectly by economic activity. This article concludes that there is no significant direct relation hetween inflation and income distribution. However the level of output does significantly effect equity and the extent of poverty. In fact, price stability contributes positively to growth and hence to equity in the long run. Thus, the main contribution of monetary policy to equity is by attaining price stability. Nonetheless, some short-term policy decisión may have temporary effects on income distrihution.

Suggested Citation

  • Jorge Marshall, 1999. "Monetary Policy and Income Distribution," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 2(1), pages 005-022, April.
    • Handle: RePEc:chb:bcchec:v:2:y:1999:i:1:p:5-22
    as

    Download full text from publisher

    File URL: https://si2.bcentral.cl/public/pdf/revista-economia/1999/abr/BCCh-rec-v02n1abr1999p005-022.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:chb:bcchec:v:2:y:1999:i:1:p:5-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fredherick Sanllehi (email available below). General contact details of provider: https://edirc.repec.org/data/bccgvcl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.