Macroeconomic policy in an uneven economy : a symposium sponsored by the Federal Reserve Bank of Kansas City : hosted virtually, Aug. 27, 2021.
"A notable feature of the economic shock emanating from the COVID-19 pandemic has been its unevenness. Certain industries, job classes and geographies were hit harder by the pandemic and the associated pull back in economic activity than others. At the same time, the massive policy response to...
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| Other Authors: | , |
| Format: | Conference Proceeding Book |
| Language: | English |
| Published: |
[Kansas City, Missouri] :
Federal Reserve Bank of Kansas City,
[2021]
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| Series: | Symposium series (Federal Reserve Bank of Kansas City) ;
2021. |
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| Online Access: | View full text via the Federal Reserve Bank of Kansas City website |
| Summary: | "A notable feature of the economic shock emanating from the COVID-19 pandemic has been its unevenness. Certain industries, job classes and geographies were hit harder by the pandemic and the associated pull back in economic activity than others. At the same time, the massive policy response to the shock, both fiscal and monetary, was broadly targeted, resulting in some sectors doing extraordinarily well even as others have struggled. The pandemic shock, with its disparate impact, comes in the context of an economy that was already experiencing growing wealth inequality and market concentration. In this sense, the pandemic has only amplified questions of how policy, and particularly monetary policy, with its broad-based rather than sector-specific tools, should respond to wide divergences in economic outcomes across sectors and populations. Are there mechanisms through which monetary policy could or should address disparate economic conditions? To contribute to the discussion around these issues, the Federal Reserve Bank of Kansas City sponsored a virtual symposium titled "Macroeconomic Policy in an Uneven Economy" on Aug. 27, 2021. "--Introduction. |
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| Physical Description: | xxviii, 537 pages ; 23 cm. |
| Bibliography: | Includes bibliographical references. |