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Monetary policy and inequality

Author(s): 
Neryvia Pillay Bell
Publication date: 
July 2020

South Africa is one of the most unequal countries in the world and this high level of inequality has persisted over time. While research has demonstrated that fiscal policy is generally progressive and contributes to reductions in inequality, see for example Inchauste et al. (2015) and Maboshe and Woolard (2018), the effect of monetary policy on inequality in South Africa has not been studied.

Publication PDF: 
Series title: 
Policy Brief 208