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Inequality, output-inflation trade-o...

Mokoena, Thabo.

Inequality, output-inflation trade-off and economic policy uncertaintyevidence From South Africa /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Inequality, output-inflation trade-off and economic policy uncertaintyby Eliphas Ndou, Thabo Mokoena.
Reminder of title:	evidence From South Africa /
Author:	Ndou, Eliphas.
other author:	Mokoena, Thabo.
Published:	Cham :Springer International Publishing :2019.
Description:	xxxvii, 507 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Income distributionSouth Africa.
Subject:	South AfricaEconomic policy.
Online resource:	https://doi.org/10.1007/978-3-030-19803-9
ISBN:	9783030198039$q(electronic bk.)

Inequality, output-inflation trade-off and economic policy uncertaintyevidence From South Africa /
Ndou, Eliphas.

Inequality, output-inflation trade-off and economic policy uncertaintyevidence From South Africa /[electronic resource] :by Eliphas Ndou, Thabo Mokoena. - Cham :Springer International Publishing :2019. - xxxvii, 507 p. :ill., digital ;24 cm.

This book focuses on income inequality, output-inflation trade-off and economic policy uncertainty in South Africa. Tight monetary and macroprudential policies raise income inequality. Income inequality transmits monetary policy and macroprudential policy shocks to real economic activity. Economic policy uncertainty influences the dynamics in the lending rate margins, inflation expectations, credit, pass-through of the repo rate to bank lending rates and companies' cash holdings. The trade-off between output and inflation and output growth persistence vary with inflation regimes. Stimulatory demand policy shocks are less effective in high inflation regime. High income inequality raises consumption inequality, which raises demand for credit, but price stability matters in this link. Increased bank concentration raises income inequality, lowers economic growth and employment rate. Elevated economic policy uncertainty lowers output growth, lowers capital formation, reduces credit and raises companies' cash holdings. Increased companies' cash holdings reduce capital formation and impact the transmission of expansionary monetary policy shocks to real economic activity. This book shows there is an inflation level within the target band below it which lowers income inequality, while raising GDP growth and employment. Thus price stability, economic policy uncertainty and income inequality matter for the efficient transmission of policy shocks.

ISBN: 9783030198039$q(electronic bk.)

Standard No.: 10.1007/978-3-030-19803-9doiSubjects--Topical Terms:

878473
Income distribution
--South Africa.Subjects--Geographical Terms:

391901
South Africa
--Economic policy.

LC Class. No.: HC905 / .N36 2019

Dewey Class. No.: 338.968

Inequality, output-inflation trade-off and economic policy uncertaintyevidence From South Africa /
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