{
  "title": "Inflation, Inequality, and Social Conflict",
  "publication": "IMF Working Papers, June 1, 2006",
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  "summary": "This paper presents and then tests a political economy model to analyze the observed positive relationship between income inequality and inflation. The model's key features are unequal access to both inflation-hedging opportunities and the political process.",
  "sections": [
    {
      "heading": "Summary and theoretical model",
      "content": "- Presents a political economy model to analyze the observed positive relationship between income inequality and inflation.\n- Key features of the model:\n  - Unequal access to inflation-hedging opportunities.\n  - Unequal access to the political process.\n- Central prediction:\n  - Inequality and \"elite bias\" in the political system interact to create incentives for inflation."
    },
    {
      "heading": "Empirical strategy and findings",
      "content": "- Empirical focus:\n  - Tests the model's predicted interaction effect between inequality and elite bias.\n- Identification strategy:\n  - Uses the end of the Cold War as a source of exogenous variation in the political environment.\n- Main empirical result:\n  - Finds robust evidence in support of the model."
    },
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      "heading": "Publication and metadata",
      "content": "- Author: Christopher W. Crowe\n- Date: June 1, 2006\n- Series: Working Paper No. 2006/158\n- Issue: 158\n- Volume: 2006\n- Pages: 37\n- DOI: https://doi.org/10.5089/9781451864182.001\n- Stock No: WPIEA2006158\n- ISBN: 9781451864182\n- ISSN: 1018-5941\n- Subject: Income distribution, Income inequality, Inflation, Personal income, Political economy\n- Keywords: mover accent, WP\n\nIMF Working Paper — Christopher W. Crowe, \"Inflation, Inequality, and Social Conflict\", Working Paper No. 2006/158.\n\n---\n\n Content in this bundle\n\n- wp06158\n  - wp06158 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp06158 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/inflation-inequality-and-social-conflict-19289"
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    "Authors: Christopher W. Crowe",
    "Published: June 1, 2006",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451864182.001",
    "Presents a political economy model to analyze the observed positive relationship between income inequality and inflation.",
    "Key features of the model:",
    "Central prediction:",
    "Empirical focus:",
    "Identification strategy:",
    "Main empirical result:",
    "Author: Christopher W. Crowe",
    "Date: June 1, 2006",
    "Series: Working Paper No. 2006/158",
    "Issue: 158",
    "Volume: 2006",
    "Pages: 37",
    "DOI: https://doi.org/10.5089/9781451864182.001",
    "Stock No: WPIEA2006158",
    "ISBN: 9781451864182",
    "ISSN: 1018-5941",
    "Subject: Income distribution, Income inequality, Inflation, Personal income, Political economy",
    "Keywords: mover accent, WP",
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