Seghezza, Elena; Morelli, Pierluigi - In: Journal of Macroeconomics 39 (2014) PA, pp. 171-184
approaches regard inflation as the unintentional result of the behavior of interest groups. In this paper we take the opposite … view, namely, that when there is polarization of financial wealth, inflation is used as a tax to transfer the burden of … inflation support a new government coalition. The estimates of a Probit model support this hypothesis: the stabilizations after …