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Inflation and the Poor / Easterly, William
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Easterly, William
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Markets.
- Bank.
- Bonds.
- Checks.
- Cred Education.
- Currencies and Exchange Rates.
- Debt Markets.
- Economic Theory and Research.
- Finance and Financial Sector Development.
- Financial Instruments.
- Financial Literacy.
- Health Indicators.
- Health, Nutrition and Population.
- ICT Applications.
- ICT for Health.
- Income.
- Incomes.
- Inflation.
- Information and Communication Technologies.
- International Economics & Trade.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Minimum Wage.
- Money.
- Pensions.
- Poverty Rate.
- Poverty Rates.
- Probabilities.
- Research Assistance.
- Stocks.
- Subsidies.
- Unemployment.
- Wages.
- Local Subjects:
- Access to Markets.
- Bank.
- Bonds.
- Checks.
- Cred Education.
- Currencies and Exchange Rates.
- Debt Markets.
- Economic Theory and Research.
- Finance and Financial Sector Development.
- Financial Instruments.
- Financial Literacy.
- Health Indicators.
- Health, Nutrition and Population.
- ICT Applications.
- ICT for Health.
- Income.
- Incomes.
- Inflation.
- Information and Communication Technologies.
- International Economics & Trade.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Minimum Wage.
- Money.
- Pensions.
- Poverty Rate.
- Poverty Rates.
- Probabilities.
- Research Assistance.
- Stocks.
- Subsidies.
- Unemployment.
- Wages.
- Physical Description:
- 1 online resource (36 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 1999
- System Details:
- data file
- Summary:
- May 2000 - The poor suffer more from inflation than the rich do, reveals this survey of poor people in 38 countries. Using polling data for 31,869 households in 38 countries and allowing for country effects, Easterly and Fischer show that the poor are more likely than the rich to mention inflation as a top national concern. This result survives several robustness checks. Also, direct measures of improvements in well-being for the poor - the change in their share of national income, the percentage decline in poverty, and the percentage change in the real minimum wage - are negatively correlated with inflation in pooled cross-country samples. High inflation tends to lower the share of the bottom quintile and the real minimum wage - and tends to increase poverty. This paper - a joint product of Macroeconomics and Growth, Development Research Group, and the International Monetary Fund - is part of a larger effort to study the effects of macroeconomic policies on growth and poverty.
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