Monetary growth and wealth inequality

Sutirtha Bagchi, Michael Curran () and Matthew J. Fagerstrom

Economics Letters, 2019, vol. 182, issue C, 23-25

Abstract: We construct a global panel data set to examine the relationship between monetary growth and wealth inequality. Dynamic panel estimates suggest that both overall and inherited wealth inequality increase with growth in the base money supply. These results hold for countries with at least one billionaire and for OECD countries.

Keywords: Cantillon effect; Wealth inequality; Money nonneutrality (search for similar items in EconPapers)
JEL-codes: D31 E31 E52 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:182:y:2019:i:c:p:23-25

DOI: 10.1016/j.econlet.2019.05.036

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