Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S.: Is the Fed Responsible?
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Two hallmarks of U.S. monetary policy since the 1981-1982 recession have been declining interest rates and moderation in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0.070 between 1983 and 2019. This paper analyzes the connection
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美国国家经济研究局创建时间：
2021-10-01
