Impact of Inflation Toward Economic Growth and Income Distribution

Nashrurrahman (), Abdul Hamid Paddu, Sanusi Fattah and Anas Iswanto Anwar
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Nashrurrahman: Universitas Hasanuddin
Abdul Hamid Paddu: Universitas Hasanuddin
Sanusi Fattah: Universitas Hasanuddin
Anas Iswanto Anwar: Universitas Hasanuddin

A chapter in Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023), 2024, pp 109-120 from Springer

Abstract: Abstract This paper delves into the intricate relationship between inflation, income distribution, and economic growth. It discusses how inflation can influence income distribution by affecting the purchasing power of individuals, especially those with fixed or low incomes, and how it can alter the wealth distribution in an economy. The paper also highlights how income distribution can affect economic growth by impacting consumption and production rates. The relationship between inflation and economic growth is complex and can be influenced by various factors. The paper proposes several strategies to mitigate the effects of inflation on income distribution, such as monetary policy, fiscal policy adjustments, financial inclusion initiatives, and evidence-based policymaking. It underscores the importance of income distribution in economic stability, social equity, poverty reduction, and human development. The paper also emphasizes the role of government policies in managing inflation’s effects on economic growth and income distribution. It concludes by suggesting potential areas for further research on this topic.

Keywords: Consumption; Economic Growth; Income Distribution; Inflation; Production (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-400-6_8

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DOI: 10.2991/978-94-6463-400-6_8

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