03726oam 22009974 450 991095612260332120250426110632.097866138282179781462387137146238713697814527763781452776377978128351576412835157689781451983937145198393X(CKB)3360000000443749(EBL)3014414(SSID)ssj0000941490(PQKBManifestationID)11613896(PQKBTitleCode)TC0000941490(PQKBWorkID)10963776(PQKB)10697989(OCoLC)698585709(MiAaPQ)EBC3014414(IMF)WPIEE2006158(IMF)WPIEA2006158WPIEA2006158(EXLCZ)99336000000044374920020129d2006 uf 0engur|n|---|||||txtccrInflation, Inequality, and Social Conflict /Christopher Crowe1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (39 p.)IMF Working Papers"June 2006."9781451864182 1451864183 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 aspectsAggregate Factor Income DistributionimfDeflationimfEconomicsimfIncome distributionimfIncome inequalityimfIncomeimfInflationimfMacroeconomicsimfPersonal incomeimfPersonal Income, Wealth, and Their DistributionsimfPolitical EconomyimfPolitical economyimfPrice LevelimfPricesimfUnited StatesimfIncome distributionEconometric models.Inflation (Finance)Social aspects.Aggregate Factor Income DistributionDeflationEconomicsIncome distributionIncome inequalityIncomeInflationMacroeconomicsPersonal incomePersonal Income, Wealth, and Their DistributionsPolitical EconomyPolitical economyPrice LevelPricesCrowe Christopher868737DcWaIMFBOOK9910956122603321Inflation, Inequality, and Social Conflict4371806UNINA