Unconventional Monetary Policy and Inequality – Is Japan Unique?
Ayako Saiki and
Jon Frost | 20 September 2019
Monetary,
Working Papers | Tags:
Inequality,
Japan,
Quantitative Easing
For over a decade, but especially since the start of Abenomics in 2013, the Bank of Japan (BoJ) has been increasing the monetary base rapidly by implementing an unconventional monetary policy (UMP). In a 2014 study, we found that Japan’s UMP had increased income inequality.
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Governing Finance for Sustainability – Advancing the Debate
8-9 July 2019 | Zurich, Switzerland | By Invitation
Monetary,
Roundtables | Tags:
Central Banks,
Financial Regulation,
Governing Finance
Since the initial roundtable that was held in January 2019 we have been carefully following the debate on governing finance in what we increasingly perceive to be a four-way nexus between growing risks in today's financial and monetary systems, the power of central banks and
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Distributional Impact of Unconventional Monetary Policies
Pierre Monnin | 25 June 2019
Monetary,
Discussion Notes | Tags:
Income Inequality,
QE
The sustained application of accommodative monetary policies has led to concerns that they were aggravating inequality. The criticism has come from several quarters, from academics to private sector participants, from politicians to media and civil society organizations. Some argued that by boosting housing and stock
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The Low-Skill Losers
Karen Petrou | 30 April 2019
Monetary,
Blog | Tags:
Employment,
Federal Reserve,
Inequality,
QE
The Fed is devoting increasing analytical – if not yet policy-maker – attention to the unequalizing impact of unconventional policy. It’s a start – a major problem besetting central banks in countries without a robust middle class – i.e., the U.S. – is that
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Central Banks and the G20 Agenda. Ensuring Policy Coherence
Alexander Barkawi and
José Siaba Serrate | 21 March 2019
Monetary,
Blog | Tags:
Central Banks,
G20,
Governing Finance
The G20 has come a long way in pulling economies back from the brink. Yet, a lot remains to be done in its pursuit of inclusive and sustainable growth. Productivity growth is sluggish, unemployment remains well above pre-crisis levels, inequality is hitting record highs, and
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