Since the 1980s, income inequality has increased substantially in several countries. Yet the political logic that triggered rising inequality in some places but not in others remains poorly understood. This paper builds a theory that links central bank independence to these dynamics. It posits the existence of three mechanisms that tie central bank independence to inequality. First, central bank independence indirectly constrains fiscal policy and...
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INFORMATION
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2021/01/21
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Document de travail de recherche sur les politiques
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WPS9522
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1
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1
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2021/01/21
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Disclosed
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Does Central Bank Independence Increase Inequality?
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share of income