Berisha, EdmondGupta, RanganMeszaros, John2020-08-172020-09Berisha, E., Gupta, R. & Meszaros, J. 2019, 'The impact of macroeconomic factors on income inequality : evidence from the BRICS', Economic Modelling, vol. 91, pp. 559-567.0264-9993 (print)1873-6122 (online)10.1016/j.econmod.2019.12.007http://hdl.handle.net/2263/75761In this paper we investigate how the evolution of income growth, real interest rates, and inflation have driven income inequality across a variety of countries with particular focus on the BRICS economies (Brazil, Russia, India, China, and South Africa) during the period 2001 to 2015. Our work suggests that, when central banks of the BRICS economies use monetary policy for macroeconomic stabilization, they need to consider the impact monetary policy changes have on the distribution of income in their nations. Our estimates reveal that the unintended consequence of policies that induce economic growth and higher prices is higher income inequality. We find that the positive relationship between the three macroeconomic variables and income inequality for the BRICS economies is stronger during the post-2008 period.en© 2020 Elsevier B.V. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Economic Modelling. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Economic Modelling, vol. 91, pp. 559-567, 2020, doi : 10.1016/j.econmod.2019.12.007.Brazil, Russia, India, China, and South Africa (BRICS)Monetary policyInflationIncome growthInterest ratesEmerging economiesPostprint Article