Contents
Reducing inequality : government spending, monetary or tax policy? = 어떤 정책이 가장 효과적으로 소득불균형을 개선하는가? / Eunseong Ma 1
Abstract 1
I. Introduction 2
II. Data and Methodology 5
1. Data 5
2. Methodology 10
III. Results 11
1. The effect of economic policy on aggregate variables 11
2. The effect of economic policy on income inequality 13
3. Role of the business cycle 17
IV. Robustness Checks 22
1. Different measure of income inequality 22
2. Different values of smoothing parameter 23
V. Conclusion 24
References 26
국문초록 28