Inflation and income inequality: a shopping-time approach

dc.contributorFGV
dc.creatorCysne, Rubens Penha
dc.creatorMaldonado, Wilfredo Fernando Leiva
dc.creatorMonteiro, P. K.
dc.date.accessioned2018-05-10T13:35:35Z
dc.date.accessioned2019-05-22T14:22:22Z
dc.date.available2018-05-10T13:35:35Z
dc.date.available2019-05-22T14:22:22Z
dc.date.created2018-05-10T13:35:35Z
dc.date.issued2005-12
dc.identifier0048-5829 / 1573-7101
dc.identifierhttp://hdl.handle.net/10438/23066
dc.identifier10.1016/j.jdeveco.2004.09.002
dc.identifier000232325900010
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/2693305
dc.description.abstractOur work is based on a heterogenous agent shopping-time economy in which economic agents present distinct productivities in the production of the consumption good, and differentiated access to transacting assets. The purpose of the analysis is to investigate whether this setting can lead to a positive correlation between inflation and income inequality. Our main result is to show that, provided the productivity of the interest-bearing asset in the transacting technology is high enough, it is true that a positive link between inflation and income inequality is generated. An example is offered to illustrate the mechanism. (c) 2005 Elsevier B.V. All rights reserved.
dc.languageeng
dc.publisherElsevier Science Bv
dc.relationJournal of development economics
dc.rightsrestrictedAccess
dc.sourceWeb of Science
dc.subjectInflation
dc.subjectGini coefficient
dc.subjectIncome inequality
dc.subjectShopping time
dc.subjectIncome distribution
dc.subjectWelfare costs
dc.titleInflation and income inequality: a shopping-time approach
dc.typeArticle (Journal/Review)


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