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How the Fed Just Reduced Inequality

Friedman, Alexander, (2015), “How the Fed Just Reduced Inequality”, Project Syndicate, 16 Δεκεμβρίου

The US Federal Reserve has finally done it, raising interest rates for the first time in almost a decade. The ramifications for interest-rate spreads, emerging-market equities, and housing demand, among much else, are the subject of widespread debate. But, as markets learn to cope with a less accommodative monetary policy, there could be an important silver lining, which most people have ignored.

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