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Monetary Policy And Income Inequality In The United States And Spain, Brooke Whetstone
Monetary Policy And Income Inequality In The United States And Spain, Brooke Whetstone
ELAIA
Background Contractionary monetary policy has long-term 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).
Methodology 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.
Results At …