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Central Banks/Inequality – Are Central Banks to Blame for Rising Inequality? (Project-Syndicate)

KENNETH ROGOFF writes: Judging by the number of times phrases such as “equitable growth” and “the distributional footprint of monetary policy” appear in central bankers’ speeches nowadays, it is clear that monetary policymakers are feeling the heat as concerns about the rise of inequality continue to grow. But is monetary policy to blame for this problem, and is it really the right tool for redistributing income?

go to Project-Syndicate: Are Central Banks to Blame for Rising Inequality? by Kenneth Rogoff – Project Syndicate (project-syndicate.org)