02563nam 2200589Ia 450 991081075230332120200520144314.01-4623-8713-61-4527-7637-71-283-51576-81-4519-8393-X9786613828217(CKB)3360000000443749(EBL)3014414(SSID)ssj0000941490(PQKBManifestationID)11613896(PQKBTitleCode)TC0000941490(PQKBWorkID)10963776(PQKB)10697989(OCoLC)698585709(MiAaPQ)EBC3014414(IMF)WPIEE2006158(EXLCZ)99336000000044374920061002d2006 uf 0engur|n|---|||||txtccrInflation, inequality, and social conflict /prepared by Christopher Crowe1st ed.[Washington, D.C.] International Monetary Fund, IMF Institute20061 online resource (39 p.)IMF working paper ;WP/06/158"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 paper ;WP/06/158.Income distributionEconometric modelsInflation (Finance)Social aspectsIncome distributionEconometric models.Inflation (Finance)Social aspects.Crowe Christopher(Christopher W.)868737MiAaPQMiAaPQMiAaPQBOOK9910810752303321Inflation, Inequality, and Social Conflict3958409UNINA