Inflation and income inequality in a Schumpeterian economy with menu costs

被引：5
作者：
Zheng, Zhijie [1 ]
机构：
[1] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Chengdu 611130, Sichuan, Peoples R China
来源：
ECONOMICS LETTERS | 2020年 / 186卷
关键词：
Inflation; Income inequality; Menu costs; Economic growth; RESEARCH-AND-DEVELOPMENT; GROWTH; POLICY;
D O I：
10.1016/j.econlet.2019.07.009
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study incorporates heterogeneous households into a monetary Schumpeterian growth model via menu costs to explore the effect of inflation on income inequality. The source of income inequality stems from the unequal distribution across households' assets. Given that households face the same wage rate, inflation that leads to a monotonically decreasing effect on economic growth helps mitigate income inequality by weakening the contribution of asset income relative to wage income. (C) 2019 Elsevier B.V. All rights reserved.
引用
收藏
页数：5
相关论文
共 50 条
  • [21] Does inflation worsen income inequality? A meta-analysis
    Sintos, Andreas
    ECONOMIC SYSTEMS, 2023, 47 (04)
  • [22] Inflation and income inequality: does the level of income inequality matter?
    Berisha, Edmond
    Dubey, Ram Sewak
    Gharehgozli, Orkideh
    APPLIED ECONOMICS, 2023, 55 (37) : 4319 - 4330
  • [23] A NOTE ON INFLATION, ECONOMIC GROWTH, AND INCOME INEQUALITY
    Jin, Yi
    MACROECONOMIC DYNAMICS, 2009, 13 (01) : 138 - 147
  • [24] Does income inequality affect inflation in Russia?
    Kartaev, Philipp S.
    Samsonova, Marina A.
    VOPROSY EKONOMIKI, 2022, (10): : 5 - 19
  • [25] MONETARY POLICY AND ENDOGENOUS MARKET STRUCTURE IN A SCHUMPETERIAN ECONOMY
    Chu, Angus C.
    Ji, Lei
    MACROECONOMIC DYNAMICS, 2016, 20 (05) : 1127 - 1145
  • [26] Foreign Price Shocks and Inflation Targeting: Effects on Income and Inflation Inequality
    Rolim, Lilian
    Marins, Nathalie
    REVIEW OF POLITICAL ECONOMY, 2024, 36 (03) : 953 - 973
  • [27] Innovation and inequality in a monetary Schumpeterian model with heterogeneous households and firms
    Chu, Angus C.
    Cozzi, Guido
    Fan, Haichao
    Furukawa, Yuichi
    Liao, Chih-Hsing
    REVIEW OF ECONOMIC DYNAMICS, 2019, 34 : 141 - 164
  • [28] Inflation and economic growth in a Schumpeterian model with endogenous entry of heterogeneous firms
    Chu, Angus C.
    Cozzi, Guido
    Furukawa, Yuichi
    Liao, Chih-Hsing
    EUROPEAN ECONOMIC REVIEW, 2017, 98 : 392 - 409
  • [29] The impact of inflation on income inequality: the role of institutional quality
    Law, Chee-Hong
    Soon, Siew-Voon
    APPLIED ECONOMICS LETTERS, 2020, 27 (21) : 1735 - 1738
  • [30] Inflation and income inequality: Relationship research in the regional aspect
    Arzhenovsky, Sergey, V
    VOPROSY EKONOMIKI, 2023, (04): : 151 - 160
12345