Inflation, Inequality, and Social Conflict

Inflation, Inequality, and Social Conflict
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 READ MORE...

Publication date: June 2006
ISBN 9781451864182
$15.00

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