Intro; Preface; Acknowledgements; Contents; List of Figures; List of Tables; 1 Introduction; 1.1 The Book Fills the Following Policy Research Gaps Stated Below; 1.1.1 Policymakers Should Make It Clear That Income Inequality Is a Source of Adverse Macroeconomic Effects and Price Stability Is Crucial in Dampening the Adverse Effects; The Level at Which Inflation Reduces Income Inequality Matters

1.1.2 We Show That Income Inequality Rises Due to Contractionary Monetary Policy Shocks as Well That Income Inequality as a Transmission Channel Worsens the Impacts of These Shocks on Real Economic ActivityIncome Inequality Matters as a Transmission Channel of Monetary Policy Shocks to Real Economic Activity; The Distributional Effects of Monetary Policy Shocks Matter; 1.1.3 The Determination of the Link Between the Rising Income Inequality and Consumption Inequality Is Important

1.1.4 Macroprudential Policy Impacts Income Inequality and Policy Effects Are Transmitted via the Income Inequality Channel to Impact Real Economic ActivityHolding Excess Capital Adequacy Ratio Above the Minimum Required Has Redistributive Effects and These Matter; Changes in the Loan to Value Ratios Have Redistributive Effects; Changes in the Lending Standards via the National Credit Act Matter for Income Inequality

1.1.5 Increases in the Banking Sector Concentration Levels, Raise Income Inequality, Slows Down Economic Growth and Employment, Suggesting That the Banking Sector Concentration Levels Should Not Be Given Low Priority in Policy Discussions.1.1.6 Policymakers Should Consider the Influence of Inflation Regimes When Discussing the Output-Inflation Trade-Off and the Policy Ineffectiveness Proposition of a Demand Management Policy Shock on Output; The Depiction of Trade-Off; Evidence Indicates the Prevalence of New Keynesian Hypothesis in South Africa

1.1.7 The Book Shows It Is Important for Policymakers to Show the Extent to Which Inflation Persistence and Inflation Regimes Constrain the Size of Output Persistence1.1.8 The Book Determines Whether the Economic Policy Uncertainty Channels and Inflation Regimes Impact the Effects of Expansionary Monetary and Fiscal Policies on Output Growth; 1.1.9 The Book Further Offers Insights into the Extent to Which Economic Policy Uncertainty Impacts the Lending Rates and Credit Growth; 1.1.10 The Book Shows That Economic Policy Uncertainty Impacts the Dynamics of Companies' Cash Holdings and Capital Formation