{"id":"https://openalex.org/W3127060704","doi":"https://doi.org/10.2139/ssrn.3777942","title":"Monetary Policy and Racial Inequality","display_name":"Monetary Policy and Racial Inequality","publication_year":2021,"publication_date":"2021-01-01","ids":{"openalex":"https://openalex.org/W3127060704","doi":"https://doi.org/10.2139/ssrn.3777942","mag":"3127060704"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.3777942","doi":"https://doi.org/10.2139/ssrn.3777942","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3777942","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.3777942","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5069420611","display_name":"Alina K. Bartscher","orcid":"https://orcid.org/0000-0001-9539-517X","observed_orcids":["https://orcid.org/0000-0001-9539-517X"]},"institutions":[{"id":"https://openalex.org/I135140700","display_name":"University of Bonn","ror":"https://ror.org/041nas322","country_code":"DE","type":"education","lineage":["https://openalex.org/I135140700"]},{"id":"https://openalex.org/I88189429","display_name":"Danmarks Nationalbank","ror":"https://ror.org/01hh2jh68","country_code":"DK","type":"other","lineage":["https://openalex.org/I88189429"]}],"countries":["DE","DK"],"is_corresponding":false,"raw_author_name":"Alina K. Bartscher","raw_affiliation_strings":["University of Bonn","University of Bonn, Regina-Pacis-Weg 3, Postfach 2220, Bonn, D-53012, Germany","Danmarks Nationalbank (Danemark)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Bonn","institution_ids":["https://openalex.org/I135140700"]},{"raw_affiliation_string":"University of Bonn, Regina-Pacis-Weg 3, Postfach 2220, Bonn, D-53012, Germany","institution_ids":["https://openalex.org/I135140700"]},{"raw_affiliation_string":"Danmarks Nationalbank (Danemark)","institution_ids":["https://openalex.org/I88189429"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5069371862","display_name":"Moritz Kuhn","orcid":"https://orcid.org/0000-0002-8850-8487","observed_orcids":["https://orcid.org/0000-0002-8850-8487"]},"institutions":[{"id":"https://openalex.org/I135140700","display_name":"University of Bonn","ror":"https://ror.org/041nas322","country_code":"DE","type":"education","lineage":["https://openalex.org/I135140700"]},{"id":"https://openalex.org/I197518295","display_name":"IZA - Institute of Labor Economics","ror":"https://ror.org/029s44460","country_code":"DE","type":"nonprofit","lineage":["https://openalex.org/I197518295"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]}],"countries":["DE","GB"],"is_corresponding":false,"raw_author_name":"Moritz Kuhn","raw_affiliation_strings":["University of Bonn","University of Bonn, Regina-Pacis-Weg 3, Postfach 2220, Bonn, D-53012, Germany","CEPR - Center for Economic Policy Research (Royaume-Uni)","IZA - Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics (Schaumburg-Lippe-Str. 5-9 D-53113 Bonn Germany - Allemagne)","Universit\u00e4t Bonn = University of Bonn (D-53012 Bonn - Allemagne)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Bonn","institution_ids":["https://openalex.org/I135140700"]},{"raw_affiliation_string":"University of Bonn, Regina-Pacis-Weg 3, Postfach 2220, Bonn, D-53012, Germany","institution_ids":["https://openalex.org/I135140700"]},{"raw_affiliation_string":"CEPR - Center for Economic Policy Research (Royaume-Uni)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"IZA - Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics (Schaumburg-Lippe-Str. 5-9 D-53113 Bonn Germany - Allemagne)","institution_ids":["https://openalex.org/I197518295"]},{"raw_affiliation_string":"Universit\u00e4t Bonn = University of Bonn (D-53012 Bonn - Allemagne)","institution_ids":["https://openalex.org/I135140700"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5073446068","display_name":"Moritz HP. Schularick","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I135140700","display_name":"University of Bonn","ror":"https://ror.org/041nas322","country_code":"DE","type":"education","lineage":["https://openalex.org/I135140700"]},{"id":"https://openalex.org/I205092303","display_name":"Institut d'Etudes Politiques de Paris","ror":"https://ror.org/05fe7ax82","country_code":"FR","type":"facility","lineage":["https://openalex.org/I205092303"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I4405276838","display_name":"D\u00e9partement d'\u00e9conomie de Sciences Po","ror":"https://ror.org/00fejzc88","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I205092303","https://openalex.org/I4405276838"]}],"countries":["DE","FR","GB"],"is_corresponding":false,"raw_author_name":"Moritz Schularick","raw_affiliation_strings":["Centre for Economic Policy Research (CEPR)","Centre for Economic Policy Research (CEPR), London, United Kingdom","University of Bonn - Department of Economics","University of Bonn - Department of Economics, Bonn, Germany","CEPR - Center for Economic Policy Research (Royaume-Uni)","ECON - D\u00e9partement d'\u00e9conomie (Sciences Po) (28 rue des Saints-P\u00e8res - 75007 Paris - France)","Universit\u00e4t Bonn = University of Bonn (D-53012 Bonn - Allemagne)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR), London, United Kingdom","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"University of Bonn - Department of Economics","institution_ids":["https://openalex.org/I135140700"]},{"raw_affiliation_string":"University of Bonn - Department of Economics, Bonn, Germany","institution_ids":["https://openalex.org/I135140700"]},{"raw_affiliation_string":"CEPR - Center for Economic Policy Research (Royaume-Uni)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"ECON - D\u00e9partement d'\u00e9conomie (Sciences Po) (28 rue des Saints-P\u00e8res - 75007 Paris - France)","institution_ids":["https://openalex.org/I205092303","https://openalex.org/I4405276838"]},{"raw_affiliation_string":"Universit\u00e4t Bonn = University of Bonn (D-53012 Bonn - Allemagne)","institution_ids":["https://openalex.org/I135140700"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5107828967","display_name":"Paul A. Wachtel","orcid":"https://orcid.org/0000-0002-5325-2610","observed_orcids":["https://orcid.org/0000-0002-5325-2610"]},"institutions":[{"id":"https://openalex.org/I57206974","display_name":"New York University","ror":"https://ror.org/0190ak572","country_code":"US","type":"education","lineage":["https://openalex.org/I57206974"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Paul Wachtel","raw_affiliation_strings":["New York University - Stern School of Business","New York University - Stern School of Business, 44 West 4th St., New York, NY 10012, United States","NYU - NYU System (\u00c9tats-Unis)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"New York University - Stern School of Business","institution_ids":["https://openalex.org/I57206974"]},{"raw_affiliation_string":"New York University - Stern School of Business, 44 West 4th St., New York, NY 10012, United States","institution_ids":["https://openalex.org/I57206974"]},{"raw_affiliation_string":"NYU - NYU System (\u00c9tats-Unis)","institution_ids":["https://openalex.org/I57206974"]}]}],"institutions":[],"countries_distinct_count":5,"institutions_distinct_count":7,"corresponding_author_ids":["https://openalex.org/A5107828967"],"corresponding_institution_ids":["https://openalex.org/I57206974"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":14,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.975600004196167,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.975600004196167,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.004999999888241291,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.004800000227987766,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.9929999709129333},{"id":"https://openalex.org/keywords/racial-inequality","display_name":"racial inequality","score":0.9980000257492065},{"id":"https://openalex.org/keywords/black-white-earnings-gap","display_name":"black-white earnings gap","score":0.640999972820282},{"id":"https://openalex.org/keywords/black-white-wealth-gap","display_name":"Black-White wealth gap","score":0.9049999713897705},{"id":"https://openalex.org/keywords/accommodative-monetary-policy","display_name":"accommodative monetary policy","score":0.9670000076293945},{"id":"https://openalex.org/keywords/employment-effects","display_name":"employment effects","score":0.6899999976158142},{"id":"https://openalex.org/keywords/portfolio-effect","display_name":"portfolio effect","score":0.7239999771118164},{"id":"https://openalex.org/keywords/financial-assets","display_name":"financial assets","score":0.7799999713897705},{"id":"https://openalex.org/keywords/distributional-effects","display_name":"distributional effects","score":0.6650000214576721},{"id":"https://openalex.org/keywords/macroprudential-policy","display_name":"macroprudential policy","score":0.6069999933242798}],"concepts":[{"id":"https://openalex.org/C45555294","wikidata":"https://www.wikidata.org/wiki/Q28113351","display_name":"Inequality","level":2,"score":0.6274234652519226},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5441537499427795},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.47946465015411377},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.33684003353118896},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.2721618711948395},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.23564749956130981},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2139/ssrn.3777942","doi":"https://doi.org/10.2139/ssrn.3777942","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3777942","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:publikationen.ub.uni-frankfurt.de:61655","doi":null,"is_oa":true,"landing_page_url":"http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/61655","pdf_url":"http://publikationen.ub.uni-frankfurt.de/files/61655/SSRN-id3777942.pdf","source":{"id":"https://openalex.org/S4306400432","display_name":"Publication Server of Goethe University Frankfurt am Main (Goethe University Frankfurt)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I114090438","host_organization_name":"Goethe University Frankfurt","host_organization_lineage":["https://openalex.org/I114090438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"workingpaper"},{"id":"pmh:oai:econstor.eu:10419/244695","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10419/244695","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"}],"best_oa_location":{"id":"doi:10.2139/ssrn.3777942","doi":"https://doi.org/10.2139/ssrn.3777942","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3777942","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/10","display_name":"Reduced inequalities","score":1.0},{"id":"https://metadata.un.org/sdg/1","display_name":"No poverty","score":0.666700005531311},{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.6452000141143799}],"study_designs":[],"awards":[{"id":"https://openalex.org/G2124902965","display_name":null,"funder_award_id":"FOR 2774","funder_id":"https://openalex.org/F4320320879","funder_display_name":"Deutsche Forschungsgemeinschaft"}],"funders":[{"id":"https://openalex.org/F4320320879","display_name":"Deutsche Forschungsgemeinschaft","ror":"https://ror.org/018mejw64"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W2008866598","https://openalex.org/W2029268082","https://openalex.org/W2095439651","https://openalex.org/W2129023625","https://openalex.org/W2156184598","https://openalex.org/W2157359391","https://openalex.org/W2185580901","https://openalex.org/W2253894436","https://openalex.org/W2336751164","https://openalex.org/W2436832468","https://openalex.org/W2607240098","https://openalex.org/W2614629730","https://openalex.org/W2616342710","https://openalex.org/W2765686824","https://openalex.org/W2767850719","https://openalex.org/W2892107102","https://openalex.org/W2899089555","https://openalex.org/W2918125583","https://openalex.org/W2954013714","https://openalex.org/W3000629925","https://openalex.org/W3003251152","https://openalex.org/W3015184758","https://openalex.org/W3022226222","https://openalex.org/W3093597247","https://openalex.org/W3121382655","https://openalex.org/W3121517453","https://openalex.org/W3122358929","https://openalex.org/W3123096152","https://openalex.org/W3123816425","https://openalex.org/W3124426380","https://openalex.org/W3124496703","https://openalex.org/W3124641896","https://openalex.org/W3125912523","https://openalex.org/W3144800014","https://openalex.org/W4229924566"],"related_works":["https://openalex.org/W4382204969","https://openalex.org/W4226071141","https://openalex.org/W7168997751","https://openalex.org/W4405208685","https://openalex.org/W4403608297","https://openalex.org/W2886053136","https://openalex.org/W6927675262","https://openalex.org/W7142370273","https://openalex.org/W4205137759","https://openalex.org/W4390452287"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":12},{"year":2023,"cited_by_count":1}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2021-02-15T00:00:00"}