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http://hdl.handle.net/1843/53693| Type: | Artigo de Periódico |
| Title: | The Inflation-Distribution Nexus: A Theoretical and Empirical Approach |
| Authors: | Rafael Saulo Marques Ribeiro Stefan Wilson D'amato Wallace Marcelino Pereira |
| Abstract: | There are two unconnected strands of the inflation-distribution literature, one that studies the impact of inflation on income distribution and the other the impact of distribution on inflation. This paper is an attempt to fill a gap in this literature, by taking into account the simultaneous determination between inflation and income distribution. We set forth a Post-Keynesian model in which inflation and income distribution are jointly determined in a dynamical system of difference equations. Then, we conducted an empirical investigation of the relationship between inflation and distribution using a Panel Vector Autoregressive (PVAR) model since this econometric technique is robust to reverse causality. Our findings corroborate our theoretical model by showing that increases in the wage share tend to exert a downward pressure in future inflation. |
| Subject: | Inflação - Efeito dos custos energeticos Distribuição de renda |
| language: | por |
| metadata.dc.publisher.country: | Brasil |
| Publisher: | Universidade Federal de Minas Gerais |
| Publisher Initials: | UFMG |
| metadata.dc.publisher.department: | FCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICAS |
| Rights: | Acesso Restrito |
| metadata.dc.identifier.doi: | https://doi.org/10.1080/09538259.2021.1882195 |
| URI: | http://hdl.handle.net/1843/53693 |
| Issue Date: | 6-Jun-2021 |
| metadata.dc.url.externa: | https://www.tandfonline.com/doi/full/10.1080/09538259.2021.1882195 |
| metadata.dc.relation.ispartof: | Review of Political Economy |
| Appears in Collections: | Artigo de Periódico |
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