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Compression, however, has distributional consequences.
All monetary policy has distributional consequences.
There are distributional consequences of QE.
It does, however, highlight trade's distributional consequences.
But it is a choice with pretty significant distributional consequences.
Changing Medicare to a voucher program and block-granting Medicaid would have distributional consequences as well.
Though for developed countries the distributional consequences are tricky if income inequality continues to widen.
However, he put the responsibility of addressing inequality squarely with the government, stating: "Every monetary policy action has distributional consequences.
Contrary to some popular opinions, growth does not appear to have systematically adverse distributional consequences in average circumstances.
Different monetary systems imply different things for the price level in an economy, with vastly different distributional consequences.
"Global integration and competition have brought tremendous gains but carry distributional consequences that need to be addressed more effectively", Johnson said.
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