A Refinement of the Relationship Between Central Bank Independence, Inflation, and Income Inequality in Developing Countries

IF 1.7 Q3 BUSINESS, FINANCE

Journal of Central Banking Theory and Practice Pub Date : 2024-01-01 DOI:10.2478/jcbtp-2024-0006

Fadi Fawaz, Masha Rahnamamoghadam

引用次数: 0

Abstract

Abstract This paper analyzes the impact on income inequality of a set of variables usually considered in the growth literature as potential growth determinants. There is evidence to suggest that unemployment and inflation are positively associated with income inequality; except for countries with central bank independence where a negative association exists between inflation and income inequality. The empirical evidence shows that income inequality increases when unemployment increases.

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完善发展中国家中央银行独立性、通货膨胀和收入不平等之间的关系

摘要本文分析了在增长文献中通常被视为潜在增长决定因素的一系列变量对收入不平等的影响。有证据表明，失业和通货膨胀与收入不平等呈正相关；但中央银行独立的国家除外，这些国家的通货膨胀与收入不平等呈负相关。经验证据表明，失业率增加时，收入不平等也会增加。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Central Banking Theory and Practice BUSINESS, FINANCE-

CiteScore

2.80

自引率

57.10%

发文量

审稿时长

7 weeks

期刊介绍： Journal of Central Banking Theory and Practice is a scientific journal dedicated to publishing quality papers and disseminating original, relevant and applicable economic research. Scientific and professional papers that are published in the Journal of Central Banking Theory and Practice cover theoretical and practical aspects of central banking, monetary policy, including the supervision issues, as well as banking and management in central banks. The purpose of the journal is to educate the general public about the key issues that the central bankers globally face, as well as about contemporary research and achievements in the field of central banking theory and practice.