Inequality Hysteresis: how can central banks contribute to an equitable society?
Growing economic inequality has become a matter of increasing public and policymaking concern in recent years. Some have argued that unconventional monetary policies aggravated this trend, by boosting asset valuations and wealth inequality.
Growing economic inequality has become a matter of increasing public and policymaking concern in recent years. Some have argued that unconventional monetary policies aggravated this trend, by boosting asset valuations and wealth inequality.
Thursday 1 December 2022 | 1 hour 23 minutes 51 seconds
The debate is intensified by deep recessions related to the COVID-19 pandemic and resurgent food and energy inflation increasing cost of living in 2022, which unequally impact different groups within society. This event marks the launch of the book Inequality Hysteresis, which highlights a new facet of inequality: its persistence or ‘hysteresis’ after recessions.