Analyzing the impact of monetary policies on the regional heterogeneity and inequality.
Economic Policy, New Keynesian Modeling, Heterogeneous Agents, Family Inequality, Monetary Shocks.
Recent studies on economic policy, especially in New Keynesian modeling with heterogeneous agents, highlight the effects of monetary or fiscal shocks in regions with higher or lower income, the number of individuals experiencing credit constraints, and their effects on family inequality. One of the methods used to empirically measure the results of New Keynesian models is the introduction of the regional approach and the use of microdata in macroeconomics. Thus, with the regional approach, the aim is to understand and identify general equilibrium shocks - stemming from economic policy shocks - as well as partial equilibrium shocks in the region. From this approach, this study seeks to empirically illustrate the different regional responses to monetary shocks in the Brazilian economy