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Inflation and income inequality: a shopping-time aproach: (Forthcoming, Journal of Development Economics)
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2004-09-01)
Our work is based on a simpliÖed heterogenous-agent shoppingtime economy in which economic agents present distinct productivities in the production of the consumption good, and di§erentiated access to transacting assets. ...
Inflation and income inequality: A link through the job-search process
(Escola de Pós-Graduação em Economia da FGV, 2004-08-01)
In this paper I devise a new channel by means of which the (empirically documented) positive correlation between ináation and income inequality can be understood. Available empirical evidence reveals that ináation increases ...