IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2022id4160.html
   My bibliography  Save this article

Does income inequality affect inflation in Russia?

Author

Listed:
  • P. S. Kartaev
  • M. A. Samsonova

Abstract

The paper examines the impact of income inequality in Russian regions on the dynamics of the overall price level. In the framework of econometric modeling based on panel data of 82 Russian regions for 2011—2020, it was evidenced that higher inequality restrains inflation, while reducing inequality accelerates price growth. To overcome the problem of endogeneity, an approach based on instrumental variables is applied. It is shown that the result is robust to changes in inequality measures, estimation methods and instrumental variables. The potential channels of influence of income distribution inequality on inflation and the effectiveness of monetary policy explaining the effect are analyzed.

Suggested Citation

  • P. S. Kartaev & M. A. Samsonova, 2022. "Does income inequality affect inflation in Russia?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 10.
    • Handle: RePEc:nos:voprec:y:2022:id:4160
    DOI: 10.32609/0042-8736-2022-10-5-19
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/4160/2507
    Download Restriction: no
    File URL: https://libkey.io/10.32609/0042-8736-2022-10-5-19?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:y:2022:id:4160. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: NEICON (email available below). General contact details of provider: https://www.vopreco.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.