IDEAS home Printed from https://ideas.repec.org/a/spr/jeicoo/v20y2025i3d10.1007_s11403-024-00432-0.html
   My bibliography  Save this article

On the macro-political dynamics of conflict inflation

Author

Listed:
  • Christian R. Proaño

    (University of Bamberg
    Australian National University)

  • Giorgos Galanis

    (Queen Mary, University of London
    Australian National University)

  • Juan Carlos Peña

    (University of Bamberg)

Abstract

In recent times, the notion that inflation may be the result of conflicting claims by workers and capitalists over the distribution of income has experienced a revival in the academic and policy debate. Against this background, we investigate in this paper the macrodynamics of conflict inflation without and with the additional influence of the political sphere in an extended version of the baseline model of behavioral political cycles proposed by Galí (J Econ Behav Organ 212:50–67, 2023). By means of numerical simulations, we illustrate the reaction of main macroeconomic variables to the emergence of conflicting claims over the distribution of income between workers and capitalists, as well as their possible effects at the political sphere.

Suggested Citation

  • Christian R. Proaño & Giorgos Galanis & Juan Carlos Peña, 2025. "On the macro-political dynamics of conflict inflation," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 20(3), pages 725-745, July.
    • Handle: RePEc:spr:jeicoo:v:20:y:2025:i:3:d:10.1007_s11403-024-00432-0
    DOI: 10.1007/s11403-024-00432-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11403-024-00432-0
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11403-024-00432-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jeicoo:v:20:y:2025:i:3:d:10.1007_s11403-024-00432-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.