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From liberty street to main street: firms, monetary policy and labor market outcomes

Authors:

Christina Patterson, University of Chicago

Grant Type: doctoral

Grant Year: 2017

Grant Amount: $15,000

Grant description:

According to its mandate, the Federal Reserve is required to foster maximum employment. The central bank tries to do this by affecting aggregate demand by loosening or tightening the flow of credit. The distributional impact of these decisions is unclear when it comes to the labor market. This research assesses how changes in monetary policy affect the demand for different kinds of workers and redistribute labor income and represents an exciting extension of recent literature on firm effects.

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From liberty street to main street: firms, monetary policy and labor market outcomes

Authors:

Grant description:

AUTHORS:

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Topics

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon