Income Inequality [electronic resource] : Does Inflation Matter? Bulir, Ales.
- Washington, D.C. : International Monetary Fund, 1998.
- IMF eLibrary
IMF Working Papers; Working Paper No. 98/7.
IMF Working Papers; Working Paper No. 98/7
- Government document
1 online resource (34 p.)
- Local subjects:
- Actual inflation.
Change in inflation.
Costs of inflation.
Demand for money.
Effect of inflation.
Effects of inflation.
Quantity theory of money.
Reduction in inflation.
Tight monetary policies.
- This paper contributes to the income inequality literature that is based on the traditional Kuznets model. Price stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income equality in a given country. While the effect of price stability is uniform for all levels of GDP per capita, the effect of financial deepening is found to increase with the level of development. Moreover, tight monetary policies do not seem to have any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal redistribution.
- Description based on print version record.
- Bulir, Ales.
- Other format:
- Print Version:
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- Access Restriction:
- Restricted for use by site license.
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