ЦБ сообщает: Inequality in the world and in Russia: trends, driving forces, and implications (Банк России)

INTERNATIONAL FINANCIAL CONGRESS
1 July 2021
See more: https://ifcongress.ru/index/en

Inequality in the world and in Russia: trends, driving forces, and implications for the monetary policy

To a large extent, inequality determines the economic and educational opportunities as well as social mobility of various groups and individuals, thus influencing both economic development and potential growth. Moreover, unequal distribution of incomes and savings affects the cycles of economic activity and aggregate demand, along with the long-term effects of these cycles for the most vulnerable social groups.
What are the channels of this influence? Is it important for the monetary policy’s transmission mechanism? Can monetary policy curb growing inequality?

Inequality in the world and in Russia: trends, driving forces, and implications