Inflation and the poor

William Easterly, Stanley Fischer

    Research output: Contribution to journalArticle

    Abstract

    Using polling data for 31,869 households in thirty-eight countries and allowingg for country effects, we show that the poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness checks. We also find direct measures of improvements in well-being of the poor - the change in their share in national income, the percent decline in poverty, and the percent change in the real minimum wage - to be negatively correlated with inflation in pooled cross-country samples.

    Original languageEnglish (US)
    Pages (from-to)160-178
    Number of pages19
    JournalJournal of Money, Credit and Banking
    Volume33
    Issue number2
    DOIs
    StatePublished - May 2001

    ASJC Scopus subject areas

    • Accounting
    • Finance
    • Economics and Econometrics

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