Inflation and inequality

• 成果类型: Article
• 署名作者: Albanesi, Stefania
• 署名单位: Columbia University
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2006.02.009
• 发表日期: 2007
• 页码: 1088-1114
• 关键词: inflation; INEQUALITY; distributional conflict; fiscal policy; bargaining

摘要

Cross-country evidence on inflation and income inequality suggests that they are positively related. This article explores the hypothesis that this correlation is the outcome of a distributional conflict underlying the determination of government policies. A political economy model is presented in which equilibrium inflation is positively related to the degree of inequality in income due to the relative vulnerability to inflation of low income households. (C) 2006 Elsevier B.V. All rights reserved.