摘要:Central banks across the globe are responding to the economic effects of the COVID-19 pandemic through extensive monetary easing, including interest rate cuts and asset purchases. Such accommodative policies have served to limit the fallout from the pandemic. Whether, at the same time, these policies exacerbate inequality, however, is up for debate. Monetary policy is seen, in part, as responsible for boosting equity markets from pandemic lows, which is, in the first instance, good news mainly for the rich. Yet monetary easing also has the potential to reduce inequality; for instance, because low interest rates can encourage small businesses to take out loans and hire workers.