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- Title
Monetary Inflation’s Effect on Wealth Inequality: An Austrian Analysis.
- Authors
Balac, Zoran
- Abstract
Austrian monetary inflation theory claims that changes in the money supply are disproportionately distributed throughout an economy, and as a result wealth is coercively redistributed. This study proposes and tests a model illustrating this connection by examining monetary inflation’s effect on wealth inequality. After testing the model’s validity, this study compares monetary inflation’s effect on several measures of wealth inequality, concluding that not only is monetary inflation a significant variable, but its effect on wealth inequality is more pronounced at the extremities of the distribution.
- Subjects
MONEY; MONEY supply; SUPPLY &; demand; MONEY market; AUSTRIANS
- Publication
Quarterly Journal of Austrian Economics, 2008, Vol 11, Issue 1, p1
- ISSN
1098-3708
- Publication type
Article
- DOI
10.1007/s12113-008-9028-4