The Impact of Macroeconomic Policies on Income Distribution: An Empirical Study of the Philippines
利用菲律宾家庭调查数据，实证研究宏观经济政策对收入分配的影响，发现失业、通胀和政府支出恶化收入分配，而生产率提升、实际利率和实际汇率改善分配，对贫困也有类似影响。
There has been a growing awareness of the income distribution dimension of macroeconomic policies. This paper studies this issue empirically considering the case of the Philippines and using data available from integrated surveys of households. After estimating a reduced form equation it was found that underemployment inflation and government spending worsen income distribution while productivity gains the real interest rate and the real exchange rate were found to improve distribution. A similar pattern emerges when the effects of these variables on the absolute incidence of poverty are estimated. (EXCERPT)