The paper estimates the impact of monetary policy on income inequality in China. The em-pirical modelling finds that a battery of monetary indicators, including a monetary overhang measure derived from a money demand equation, and the change in the unemployment rate lead to increases in the Gini coefficient. However, only unemployment is statistically signif-icant. The lack of significance of the monetary indicators is robust to alternative specifica-tions with variability in nominal aggregate demand instead of unemployment.

1 Introduction 

2 Monetary policy indicators

3 Estimating the impact of monetary policy on income inequality in China 

4.Conclusion 

References 

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