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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
To Be Made Sick By Medicine: Quantitative Easing And Inequality After The Financial Crisis, Giulio Alberto Bianchi
To Be Made Sick By Medicine: Quantitative Easing And Inequality After The Financial Crisis, Giulio Alberto Bianchi
Undergraduate Economic Review
During the Global Financial Crisis, central banks attempted to counter the economic downturn by reinforcing their conventional policy toolset with an extensive range of unconventional monetary policies. Paramount amongst these policies was Quantitative Easing (QE), which involves the creation of electronic money to conduct large-scale asset purchases. QE has been accused of increasing economic inequality from multiple political standpoints. By analytically weighing QE’s effects on different groups of households, this paper attempts to establish whether the Federal Reserve System, the European Central Bank and the Bank of England fostered income and wealth inequality during the post-crisis period in the areas …
The Composition Of Fiscal Adjustments: Economic And Social Implications, David Vilalta
The Composition Of Fiscal Adjustments: Economic And Social Implications, David Vilalta
Undergraduate Economic Review
We examine episodes of fiscal adjustments in OECD countries from 2000 to 2014 and analyse its short- and long-run impact on economic growth and inequality. This paper offers two results. First, in line with previous literature, we find that in the short run, spending-based adjustments are more expansionary than tax-based adjustments, although they are associated with higher inequality. Second, we find that in the long run, spending-based adjustments are still more expansionary, and their impact on inequality is smaller than that of tax-based adjustments.
Domestic Outsourcing Reduces Wages And Contributes To Rising Inequality, Johannes Schmieder, Deborah Goldschmidt
Domestic Outsourcing Reduces Wages And Contributes To Rising Inequality, Johannes Schmieder, Deborah Goldschmidt
Employment Research Newsletter
No abstract provided.