<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

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

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution 4.0 International License.

This paper analyzes the impact on income inequality of a set of variables usually considered in the growth literature as potential growth determinants. There...

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

Published Online: Jan 13, 2024

Page range: 117 - 131

Received: Feb 21, 2023

Accepted: Jun 15, 2023

DOI: https://doi.org/10.2478/jcbtp-2024-0006

Keywords
Central Bank Independence, Income Inequality, Developing Countries, Fixed Effects

© 2024 Fadi Fawaz et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

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

Published Online: Jan 13, 2024

Page range: 117 - 131

Received: Feb 21, 2023

Accepted: Jun 15, 2023

DOI: https://doi.org/10.2478/jcbtp-2024-0006

KeywordsCentral Bank Independence, Income Inequality, Developing Countries, Fixed Effects

© 2024 Fadi Fawaz et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Central Bank Independence, Income Inequality, Developing Countries, Fixed Effects