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Full-Text Articles in Social and Behavioral Sciences
The Statistical Relationship Between Income Inequality And Monetary Policy In Spain And The United States, Brooke Whetstone
Scholar Week 2016 - present
Contractionary monetary policy has long run effects on inequality (Feldkircher & Kakamu, 2018). However, other forms of monetary policy do not have a clear effect on income inequality. Central banks defend the position that other factors are the driving forces behind income inequality (Powell, 2018).
This investigation utilized ANOVA Regression analysis to determine if income inequality, as measured by wage growth by sector, is related to interest rates in the United States and Spain. If applicable, slopes of the regression lines for each sector were compared to see if they were significantly different, in a statistical sense.