Purpose: The purpose of this paper is to investigate both linear and/or nonlinear effects of inflation on income inequality and to test the Kuznets hypothesis using panel data of 24 developed countries (DCs) and 66 developing countries (LDCs) observed over the period of 1990–2014....

Purpose: The purpose of this paper is to explore the effect of growth in different sectors of the economy of developing countries on income inequality and analyze how inflation, as a proxy for monetary policy, makes a proportionate contribution for setting a binding national target for reducing...

The main objective of this article is to investigate both linear and nonlinear effects of inflation on income inequality and to test the Kuznets hypothesis using panel data of 24 developed countries (DCs) and 66 developing countries (LDCs) observed over the period of 1990 to 2014. Additionally,...

Using a cross-country panel of 92 developing countries over the period 1990-2014, this paper examines the impacts of sector growth on income inequality. Most low-income people in developing countries are involved in agriculture and related industries, and directly utilize natural resources. The...

Commodity price volatility can create concern for central bank policy-makers. Recent commodity prices peaked in the aftermath of the financial crisis of 2007, and they have remained relatively volatile since. As they are often seen as being connected in a cause and effect relationship with...

The main objective of this article is to analyze the U.S. household final consumption expenditure using a Linear Approximate Almost Ideal Demand System (LA/AIDS) model for the period of 1989 through 2015. The six major groups of goods and services are (1) food and alcoholic beverage, (2)...