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Monetary Policy, Credit Allocation, And Income Inequality

Table 1:

Variable Description Sources min max mean std
non-financial businesses credit Loan to non-financial companies or the sum of industry, agriculture, construction, communications, trade, and service sectors’ loans (In % nominal GDP) Balance sheet of Monetary and Financial statistics from central bank of each country (Armenia:https://www.cba.am/en/SitePages/statmonetaryfinancial.aspxHungary: www.mnb.hu/en/statistics/statistical-data-and-information/statistical-time-seriesIndonesia: http://www.bi.go.id/en/statistik/seki/terkini/moneter/Contents/Default.aspxMacedonia:http://www.nbrm.mk/?ItemID=DF4B1C52AFFF9E4E99BA611079390EB7Pakistan: http://www.sbp.org.pk/ecodata/index2.aspRomania: http://www.bnro.ro/Interactive-database-1107.aspxThailand:www.bot.or.th/English/Statistics/EconomicAndFinancial/Pages/default.aspxTurkey: http://evds.tcmb.gov.tr/indexen.htmlUkraine:http://bank.gov.ua/control/en/publish/category?catid=8782107Uruguay:http://www.bcu.gub.uy/Servicios-Financieros-SSF/Paginas/Series-Estadisticas-Creditos.aspx) 0.86 98.18 22.45 23.32
financial businesses credit The sum of loans for other financial corporations and intermediators, other non-bank financial institution, insurance corporations, pension funds(In % nominal GDP) 0.001 10.48 1.57 2.3
Household mortgages credit House and apartment ownership credits (In % nominal GDP) 0.02 17.63 5.50 5.53
Household cconsumption credit All types of household loans except mortgages, including durable goods and cars, etc., and in the absence of a consumer loans, they are calculated bytotal households’ loans minus mortgages (In % nominal GDP) 0.03 73.61 10.28 17.61
Total credit Total credit (In % nominal GDP) 0.02 155 35.94 41.18
Income growth Annual growth rate of GDP per capita (In %) WDI WB -14.75 14 4.02 4.16
Inflation rate Annul CPI inflation rate(In %) WDI WB -1.54 54.91 6.8 8.30
Unemployment rate Unemployed as a share of labour force (In %) ILO WB 0.398 37.25 9.72 8.26
Gini index Gini market income measures SWIID 0.25 0.49 0.36 0.058
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