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Increase in inequalities and accommodative monetary policies : what causes what ?

While the idea that accommodative monetary policies imply an increase in inequalities, a research paper presented at the Jackson Hole central bankers conference reverses the causality and tends to suggest that it is the rise in inequalities that causes the decline in equilibrium interest rates.

Article also available in : English EN | français FR

Bastien Drut , September 6

Article also available in : English EN | français FR

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