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X-WR-CALDESC:Events for CREST
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TZID:Europe/Helsinki
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DTSTART:20260329T010000
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DTSTART:20261025T010000
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DTSTART;TZID=Europe/Helsinki:20260106T121500
DTEND;TZID=Europe/Helsinki:20260106T133000
DTSTAMP:20260709T225016
CREATED:20251229T075910Z
LAST-MODIFIED:20251230T082455Z
UID:18672-1767701700-1767706200@crest.science
SUMMARY:Jacob SUNDRAM  (University of Copenhagen ) "Monetary Policy\, Heterogeneous Returns\, and Top Inequality"
DESCRIPTION:[vc_row][vc_column][vc_column_text]Macro seminar\nTime : 12h15 – 13h30 \nDate : 06th  January 2026 \nSalle 3001 \nJacob SUNDRAM (University of Copenhagen ) “Monetary Policy\, Heterogeneous Returns\, and Top Inequality” \nAbstract:  Who are the winners and losers from monetary policy? I build a model where households earn different returns on their wealth to study this. I find that the rich disproportionately gain from easy monetary policy: The top 0.1% gain 11% of the income from monetary policy. This is almost ten times standard models\, where all households earn the same return. Fiscal policy is more equal. Thus\, poor and rich households disagree: poor households prefer using fiscal policy in recessions\, while rich prefer monetary policy. \n  \n  \n
URL:https://crest.science/event/jacob-sundram-university-of-copenhagen-t-b-a/
CATEGORIES:Macroeconomics,Seminars
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