The Inflation-Distribution Nexus: A Theoretical and Empirical Approach

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dc.creatorRafael Saulo Marques Ribeiro
dc.creatorStefan Wilson D'amato
dc.creatorWallace Marcelino Pereira
dc.date.accessioned2023-05-19T20:35:22Z
dc.date.accessioned2025-09-09T00:43:11Z
dc.date.available2023-05-19T20:35:22Z
dc.date.issued2021-06-06
dc.identifier.doihttps://doi.org/10.1080/09538259.2021.1882195
dc.identifier.issn14653982
dc.identifier.urihttps://hdl.handle.net/1843/53693
dc.languagepor
dc.publisherUniversidade Federal de Minas Gerais
dc.relation.ispartofReview of Political Economy
dc.rightsAcesso Restrito
dc.subjectInflação - Efeito dos custos energeticos
dc.subjectDistribuição de renda
dc.subject.otherCost-push inflation
dc.subject.otherIncome distribution
dc.subject.otherKaleckian models
dc.subject.otherPVAR
dc.titleThe Inflation-Distribution Nexus: A Theoretical and Empirical Approach
dc.typeArtigo de periódico
local.citation.epage164
local.citation.spage146
local.citation.volume34
local.description.resumoThere 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.
local.identifier.orcidhttps://orcid.org/0000-0002-2355-2460
local.identifier.orcidhttps://orcid.org/0000-0003-4159-0396
local.identifier.orcidhttps://orcid.org/0000-0003-1817-3332
local.publisher.countryBrasil
local.publisher.departmentFCE - DEPARTAMENTO DE CIÊNCIAS ECONÔMICAS
local.publisher.initialsUFMG
local.url.externahttps://www.tandfonline.com/doi/full/10.1080/09538259.2021.1882195

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