This paper presents and then tests a political economy model to analyze the observed positive relationship between income inequality and inflation. The model''s key features are unequal access to both inflation-hedging opportunities and the political process. The model predicts that inequality...

This paper presents and then tests a political economy model to analyze the observed positive relationship between income inequality and inflation. The model's key features are unequal access to both inflation-hedging opportunities and the political process. The model predicts that inequality...

This paper presents and then tests a political economy model to analyze the observed positive relationship between income inequality and inflation. The model's key features are unequal access to both inflation-hedging opportunities and the political process. The model predicts that inequality...