Inflation and Income Inequality in a Variety-Expansion Growth Model With Menu Costs

This study explores the effect of inflation on income inequality in a growth model with variety expansion and menu costs. Inflation is found to determine income inequality via both asset-value and interest-rates effects. Our numerical analyses show that higher inflation turns these effects negative, stifling economic growth and mitigating income inequality

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Year of publication:	2020
Authors:	Zheng, Zhijie
Other Persons:	Mishra, Tapas (contributor) ; Yang, Yibai (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Inflation \| Einkommensverteilung \| Income distribution \| Anpassungskosten \| Adjustment costs \| Wachstumstheorie \| Growth theory

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Extent:	1 Online-Ressource (18 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 23, 2020 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012830274