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CentrePiece article
In brief: More Inequality Means Higher Inflation
Christopher Crowe
February 2005
Paper No' CEPCP170:
Full Paper (pdf)

CentrePiece 10 (1) Spring 2005

All governments claim to want low inflation - but not all achieve it. While poorer countries generally fare worse, inflation rates can differ markedly even between equally wealthy countries. Turkey and Korea had similar levels of per capita income at the start of the 1980s. But while Turkey's inflation ran at an average of 60% a year over the next two decades, Korea's was only 6%.

This article summarises 'Inflation, Inequality and Social Conflict' by Christopher Crowe, CEP Discussion Paper No. 657