Inflation, Growth, and Income Distribution: A Cross-Country Study
This short paper uses a newly compiled cross-country panel data on income distribution to explore the impact of inflation on income distribution and economic growth. We have found that inflation (1) worsens income distribution; (2) increases the income share of the rich; (3) has a negative but insignificant effect on the income shares of the poor and the middle class; and (4) reduces the rate of economic growth.
|Date of creation:||May 2002|
|Date of revision:|
|Publication status:||Published in Annals of Economics and Finance, May 2002, pages 85-101|
|Contact details of provider:|| Web page: http://cema.cufe.edu.cn/|
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