Inflation, Inequality, and Social Conflict

Author/creator Crowe, Christopher W. Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description16 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation This paper presents and then tests a political economy model to analyze the observed positive relationship between income inequality and inflation. the model's key features are unequal access to both inflation-hedging opportunities and the political process. the model predicts that inequality and 'elite bias' in the political system interact to create incentives for inflation. the paper's empirical section focuses on this predicted interaction effect. the identification strategy involves using the end of the Cold War as a source of exogenous variation in the political environment. It finds robust evidence in support of the model.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451983937
ISBN145198393X (E-Book) Active Record
Stock number00013468

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