Turkey - Inflation and the Distribution of Income
During the inflationary process, prices, wages, and interest rates are all rising. In this panorama of movement in relative and absolute prices, are there systematic changes that have a predictable effect on the distribution of income? Chronically high inflation has often been blamed for making income distribution less equal in Turkey. This paper attempts to present some evidence. It seeks to determine the impact of inflationary processes on the economic well being of different income classes through both expenditure effects and income effects.
|Date of creation:||1999|
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Cowles Foundation Discussion Papers
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