polarization in many advanced economies. While mainstream neoclassical and endogenous growth theory cannot sufficiently explain the …-variety model with intermediate goods, and which is frequently used in endogenous growth theory. Even if there are stochastic …

Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …