Monetary Policy and Inequality

Sylvio Antonio Kappes is Assistant Professor of Macroeconomics at the Federal University of Alagoas, Brazil. He is the co-editor of the Elgar Series on Central Banking and Monetary Policy, together with Louis-Philippe Rochon and Guillaume Vallet. He is the co-editor of the Review of Political Economy. He also sits on the editorial boards of the Bulletin of Political Economy and Advances in Economics Education. He is the co-director of the Monetary Policy Institute.Louis-Philippe Rochon is Full Professor of Economics at Laurentian University, Canada. He is the current editor-in-chief of the Review of Political Economy and the founder (now Editor Emeritus) of the Review of Keynesian Economics. He sits on the editorial board of 14 other journals. He has published widely in several journals on monetary policy and post-Keynesian economics. He has been Visiting Professor in over 10 countries. He is the co-director of the Monetary Policy Institute.

• Introduction - Monetary Policy and Income Distribution: The Pasinetti Index 1. Where do the Pasinetti Rule and the Pasinetti Index Come from? 2. Distributional Regimes in the US — The Pasinetti Index and the Monetary Policy Effects on Income Distribution 3. Monetary Policy and the Pasinetti Index: A Stock Flow Model for Latin American Economies 4. Revisiting the Pasinetti Index: Understanding Its Cyclical and Long-Term Features and Its Important Implications for Macroeconomic Policy 5. The Distributive Impact of Unconventional Monetary Policies: Old and New 6. The Pasinetti Index and the Rise of Inequality in the Age of Unconventional Monetary Policy in Japan 7. Monetary Policy and Income Distribution: Some Reflections on the Pasinetti Rule