Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212827 
Year of Publication: 
2015
Series/Report no.: 
BOFIT Discussion Papers No. 17/2015
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
​The paper estimates the impact of monetary policy on income inequality in China. The empirical modelling finds that a battery of monetary indicators, including a monetary overhang measure derived from a money demand equation, and the change in the unemployment rate lead to increases in the Gini coefficient. However, only unemployment is statistically significant. The lack of significance of the monetary indicators is robust to alternative specifications with variability in nominal aggregate demand instead of unemployment.
JEL: 
E52
D31
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-047-7
Document Type: 
Working Paper

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