After completing the doctoral education PhD student Josefin Kilmark will defend her thesis 25 November. Get a quick glimpse of her thesis, experiences and near future.
You are about to defend your thesis Monetary Policy and Economic Inequality. In short, what is your thesis about?
“My dissertation consists of four empirical papers on monetary policy and economic inequality. The first two papers focus on how to estimate the casual effects of monetary policy on economic outcomes. Specifically, I estimate so-called monetary policy shocks for Sweden and the United States, respectively, which can be used to gauge the casual effect of central banks’ policies. In the third and fourth paper, I use policy shocks to investigate the relationship between monetary policy and income inequality in the United States and wealth inequality in Sweden. I find that a monetary tightening increases income inequality in the United States, but labor unions reduce the size of the effect. The more union members in a state the smaller the increase in income inequality. I also find that monetary policy affects wealth inequality in Sweden. Individuals who are poorer, younger, and living in smaller cities seems to benefit from a contractionary monetary policy shock relative to those who are richer, older, and living in a larger city. However, the effect is modest and the impact of monetary policy on wealth inequality should not be exaggerated according to my results.“
In three words, how would you describe your years as a PhD student at LUSEM?
“Developing, challenging, and rewarding!“
What are you up to now?
“I just bought a house in Stockholm so I’m intensely applying for jobs. I’m hoping to work with macroeconomic analysis and policy in the public or private sector!”
Thank you, Josefin! Wishing you all the best!