{
  "title": "Income Inequality: Does Inflation Matter?",
  "publication": "IMF Working Papers, January 1, 1998",
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  "summary": "This paper contributes to the income inequality literature that is based on the traditional Kuznets model. Price stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income equality in a given country.",
  "sections": [
    {
      "heading": "Summary and core findings",
      "content": "- This paper contributes to the income inequality literature that is based on the traditional Kuznets model.\n- Price stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income equality in a given country.\n- While the effect of price stability is uniform for all levels of GDP per capita, the effect of financial deepening is found to increase with the level of development.\n- Tight monetary policies do not seem to have any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal redistribution."
    },
    {
      "heading": "Policy implications and interpretation",
      "content": "- Maintain price stability to support income equality across all levels of GDP per capita.\n- Promote financial deepening, noting that its income-equalizing benefits increase with a country's level of development.\n- Fiscal redistribution is income-equalizing, and its effectiveness is reinforced by low inflation rather than undermined.\n- Tight monetary policy need not be avoided on the grounds of alleged austere distributional consequences, given the findings reported."
    },
    {
      "heading": "Subject matter and keywords",
      "content": "- Subject: Income distribution, Income inequality, Inflation, National accounts, Personal income, Price stabilization, Prices\n- Keywords: Africa, Asia and Pacific, Eastern Europe, GDP, high-inflation steady state, income, Income distribution, Income inequality, inflation, inflation sensitivity, inflation variable, Kuznets hypothesis, low inflation, low-inflation country, Personal income, Price stabilization, WP\n\n---\n\n Content in this bundle\n\n- Income Inequality: Does Inflation Matter? - WP/98/7\n  - Income Inequality: Does Inflation Matter? - WP/98/7 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Income Inequality: Does Inflation Matter? - WP/98/7 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/income-inequality-does-inflation-matter-2471"
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    "Authors: Aleš Bulíř",
    "Published: January 1, 1998",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451928549.001",
    "This paper contributes to the income inequality literature that is based on the traditional Kuznets model.",
    "Price stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income equality in a given country.",
    "While the effect of price stability is uniform for all levels of GDP per capita, the effect of financial deepening is found to increase with the level of development.",
    "Tight monetary policies do not seem to have any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal redistribution.",
    "Maintain price stability to support income equality across all levels of GDP per capita.",
    "Promote financial deepening, noting that its income-equalizing benefits increase with a country's level of development.",
    "Fiscal redistribution is income-equalizing, and its effectiveness is reinforced by low inflation rather than undermined.",
    "Tight monetary policy need not be avoided on the grounds of alleged austere distributional consequences, given the findings reported.",
    "Subject: Income distribution, Income inequality, Inflation, National accounts, Personal income, Price stabilization, Prices",
    "Keywords: Africa, Asia and Pacific, Eastern Europe, GDP, high-inflation steady state, income, Income distribution, Income inequality, inflation, inflation sensitivity, inflation variable, Kuznets hypothesis, low inflation, low-inflation country, Personal income, Price stabilization, WP",
    "**Income Inequality: Does Inflation Matter? - WP/98/7**"
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