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Results tagged with empirical-evidence
Search options questions only
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user 118
6
votes
3
answers
295
views
Conventional Monetary Policy and Income Inequality
In almost every textbook, it's stated that monetary policy is preferred to fiscal policy, since the latter is more politically difficult to implement due to smaller consensus on its redistributive eff …
- 5,121
3
votes
2
answers
4k
views
Cyclicality of Real Wages? Counter, pro or acyclical?
Is the real wage counter or pro- cyclical? I've read in some textbooks that the real wage is mildly pro-cyclical, but I've also found some papers stating that it's acyclical.
So, which is it? Also, i …
- 5,121