01664cas a2200241 a 4500 AALejournalIMF004244 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864182 1018-5941 BD-DhAAL BD-DhAAL Crowe, Christopher. Inflation, Inequality, and Social Conflict / Christopher Crowe. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. The model predicts that inequality and 'elite bias' in the political system interact to create incentives for inflation. The paper's empirical section focuses on this predicted interaction effect. The identification strategy involves using the end of the Cold War as a source of exogenous variation in the political environment. It finds robust evidence in support of the model. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/158 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/158/001.2006.issue-158-en.xml IMF e-Library