Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics)
Autor(a) principal: | |
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Data de Publicação: | 2004 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/368 |
Resumo: | Our work is based on a simpliÖed heterogenous-agent shoppingtime economy in which economic agents present distinct productivities in the production of the consumption good, and di§erentiated access to transacting assets. The purpose of the model is to investigate whether, by focusing the analysis solely on endogenously determined shopping times, one can generate a positive correlation between ináation 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 true that a positive link between ináation and income inequality is generated. Our next step is to show, through analysis of the steady-state equations, that our approach can be interpreted as a mirror image of the usual ináation-tax argument for income concentration. An example is o§ered to illustrate the mechanism. |
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Cysne, Rubens PenhaMaldonado, Wilfredo Fernando LeivaMonteiro, P. K.Escolas::EPGEFGV2008-05-13T15:23:02Z2008-05-13T15:23:02Z2004-09-010104-8910http://hdl.handle.net/10438/368Our work is based on a simpliÖed heterogenous-agent shoppingtime economy in which economic agents present distinct productivities in the production of the consumption good, and di§erentiated access to transacting assets. The purpose of the model is to investigate whether, by focusing the analysis solely on endogenously determined shopping times, one can generate a positive correlation between ináation 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 true that a positive link between ináation and income inequality is generated. Our next step is to show, through analysis of the steady-state equations, that our approach can be interpreted as a mirror image of the usual ináation-tax argument for income concentration. An example is o§ered to illustrate the mechanism.engFundação Getulio Vargas. Escola de Pós-graduação em EconomiaEnsaios Econômicos;566InflationGini coefficientIncome inequalityShopping timeIncome distributionEconomiaEconomiaInflaçãoRenda - DistribuiçãoGini, Coeficiente deInflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics)info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL1711.pdfapplication/pdf229935https://repositorio.fgv.br/bitstreams/5d33506f-4320-4eb1-a669-5f76d6c33ac6/downloadc182e6d874880f233dc1049515a971edMD51TEXT1711.pdf.txt1711.pdf.txtExtracted texttext/plain33402https://repositorio.fgv.br/bitstreams/0c97cdc5-5f08-4294-a837-63c769048d3d/downloadba0aec55e52e55b5ae4aea6f78779b6aMD56THUMBNAIL1711.pdf.jpg1711.pdf.jpgGenerated Thumbnailimage/jpeg3378https://repositorio.fgv.br/bitstreams/a07cfc30-2553-4fa1-bfc2-29783c6914b3/downloadcc813d7245cd9375770aec1baaac544eMD5710438/3682023-11-09 15:52:16.434open.accessoai:repositorio.fgv.br:10438/368https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T15:52:16Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) |
title |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) |
spellingShingle |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) Cysne, Rubens Penha Inflation Gini coefficient Income inequality Shopping time Income distribution Economia Economia Inflação Renda - Distribuição Gini, Coeficiente de |
title_short |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) |
title_full |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) |
title_fullStr |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) |
title_full_unstemmed |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) |
title_sort |
Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics) |
author |
Cysne, Rubens Penha |
author_facet |
Cysne, Rubens Penha Maldonado, Wilfredo Fernando Leiva Monteiro, P. K. |
author_role |
author |
author2 |
Maldonado, Wilfredo Fernando Leiva Monteiro, P. K. |
author2_role |
author author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Cysne, Rubens Penha Maldonado, Wilfredo Fernando Leiva Monteiro, P. K. |
dc.subject.eng.fl_str_mv |
Inflation Gini coefficient Income inequality Shopping time Income distribution |
topic |
Inflation Gini coefficient Income inequality Shopping time Income distribution Economia Economia Inflação Renda - Distribuição Gini, Coeficiente de |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia Inflação Renda - Distribuição Gini, Coeficiente de |
description |
Our work is based on a simpliÖed heterogenous-agent shoppingtime economy in which economic agents present distinct productivities in the production of the consumption good, and di§erentiated access to transacting assets. The purpose of the model is to investigate whether, by focusing the analysis solely on endogenously determined shopping times, one can generate a positive correlation between ináation 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 true that a positive link between ináation and income inequality is generated. Our next step is to show, through analysis of the steady-state equations, that our approach can be interpreted as a mirror image of the usual ináation-tax argument for income concentration. An example is o§ered to illustrate the mechanism. |
publishDate |
2004 |
dc.date.issued.fl_str_mv |
2004-09-01 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:23:02Z |
dc.date.available.fl_str_mv |
2008-05-13T15:23:02Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/368 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/368 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;566 |
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info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
publisher.none.fl_str_mv |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
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