We ask three questions about the connection between monetary policy and inequality. First, does monetary policy affect inequality? While different households respond to changes in monetary policy for ...

are encouraged by fiscal policy. The United States should not focus on monetary policy, where the transatlantic divergence has had a limited effect on exchange rates. The usual pattern of monetary ...

How does fiscal policy work? When policymakers seek to influence the economy, they have two main tools at their disposal—monetary policy and fiscal policy. Central banks target activity indirectly by ...