Series: IMF Working Papers
Author(s): Christopher Crowe
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2006
Keywords: inflation tax, inflation tax rate, monetary fund, average inflation, Personal Income, Wealth, and Their Distributions, Capitalist Systems: Political Economy,
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-hedg...