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Book Cover
E-book
Author Crowe, Christopher (Christopher W.), author

Title Inflation, inequality, and social conflict / prepared by Christopher Crowe
Published [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006
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Description 1 online resource (37 pages)
Series IMF working paper ; WP/06/158
IMF working paper ; WP/06/158
Summary 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
Bibliography Includes bibliographical references
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Income distribution -- Econometric models.
Inflation (Finance) -- Social aspects.
Form Electronic book
ISBN 1283515768
145198393X
9781283515764
9781451983937