| 货币政策对收入不平等的影响效应——基于122个国家面板数据的研究 |
 点此下载全文 |
| 引用本文：曹远征，丁 攀.货币政策对收入不平等的影响效应——基于122个国家面板数据的研究[J].湖南大学学报社会科学版,2019,(2):59-67 |
| 摘要点击次数: 891 |
| 全文下载次数: 0 |
|
|
| 中文摘要:通过对122个国家1980-2012年面板数据的分析，研究了货币政策对收入不平等的影响效应。实证结果表明，紧缩性的利率政策会导致收入不平等现象加剧，但是数量型的货币政策对收入不平等影响并不显著。通过对分位数收入人群的对比发现，利率上升对低收入人群收入水平下降具有显著作用，可能会使得高收入人群的收入水平上升但其作用并不显著。通过传导机制的检验发现，利率政策的调整通过对资本形成与就业的影响进而改变收入分配的状况。进一步研究发现，在OECD国家中投资率的上升导致富人收入比穷人更快增长，从而导致收入不平等恶化。 |
| 中文关键词:货币政策 收入不平等 利率政策 面板数据 传导机制 |
| |
| Impact of Monetary Policy on Income Inequality——Research Based on Panel Data of 122 Countries |
|
|
| Abstract:We investigate how money policy influences income inequality, using the panel data of 122 countries from 1980 to 2012. It shows that tightening interest rates will exacerbate income inequality, but quantitative monetary policy has little effect on income inequality. The quantiles of different income groups are considered, and it is evident that the increase of interest rate has a significant effect on the decline of income level of the low income population, which may make the income level of the high income population rise but the effect is not significant. The result of transmission mechanism test finds that the adjustment of interest rate policy can change income distribution through affecting capital formation and employment. There is further evidence that the increase of investment rate leads to the faster growth of the income of the rich than that of the poor, which aggravates income inequality. |
| keywords:money policy income inequality interest rate policy panel data transmission mechanism |
| 查看全文 查看/发表评论 下载pdf阅读器 |
位访问者,今日访问
