03507oam 22009014 450 991078840670332120230207215308.01-4623-8713-61-4527-7637-71-283-51576-81-4519-8393-X9786613828217(CKB)3360000000443749(EBL)3014414(SSID)ssj0000941490(PQKBManifestationID)11613896(PQKBTitleCode)TC0000941490(PQKBWorkID)10963776(PQKB)10697989(OCoLC)698585709(MiAaPQ)EBC3014414(IMF)WPIEE2006158(EXLCZ)99336000000044374920020129d2006 uf 0engur|n|---|||||txtccrInflation, Inequality, and Social Conflict /Christopher CroweWashington, D.C. :International Monetary Fund,2006.1 online resource (39 p.)IMF Working Papers"June 2006."1-4518-6418-3 Includes bibliographical references.""Contents""; ""I. Introduction""; ""II. Household Optimization""; ""III. Political Optimization""; ""IV. Empirical Analysis""; ""V. Concluding Remarks""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.IMF Working Papers; Working Paper ;No. 2006/158Income distributionEconometric modelsInflation (Finance)Social aspectsInflationimfMacroeconomicsimfPolitical EconomyimfAggregate Factor Income DistributionimfPrice LevelimfDeflationimfPersonal Income, Wealth, and Their DistributionsimfPolitical economyimfIncome inequalityimfIncome distributionimfPersonal incomeimfPricesimfIncomeimfEconomicsimfUnited StatesimfIncome distributionEconometric models.Inflation (Finance)Social aspects.InflationMacroeconomicsPolitical EconomyAggregate Factor Income DistributionPrice LevelDeflationPersonal Income, Wealth, and Their DistributionsPolitical economyIncome inequalityIncome distributionPersonal incomePricesIncomeEconomicsCrowe Christopher868737DcWaIMFBOOK9910788406703321Inflation, Inequality, and Social Conflict3850038UNINA