Further Evidence on Inflation Targeting and Income Distribution

Principal Investigator(s):  View help for Principal Investigator(s) John Thornton, University of East Anglia; Chrysovalantis Vasilakis, Bangor University

Version:  View help for Version V1

Name File Type Size Last Modified
IT_PSM_DATA_V.xlsx application/vnd.openxmlformats-officedocument.spreadsheetml.sheet 450.9 KB 09/17/2023 11:55:AM

Project Citation: 

Thornton, John, and Vasilakis, Chrysovalantis. Further Evidence on Inflation Targeting and Income Distribution. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-09-17. https://doi.org/10.3886/E193861V1

Project Description

Summary:  View help for Summary This study examines the effect of inflation targeting (IT) on income distribution in a panel of 70 countries. Employing a variety of propensity score matching methods, we find strong evidence that that incomes became more unequal in IT-adopting countries relative to countries that did not adopt IT. On average, IT has been associated with a relative rise in the pre- and post-tax Gini coefficients of about 2 percentage points, and a relative increase in the share of national income going to the top 1% and 10% of households by about 12 percentage points and 13-17 percentage points.
Funding Sources:  View help for Funding Sources No funding was received

Scope of Project

Subject Terms:  View help for Subject Terms Income inequality; Inflation targeting; monetary policy
Geographic Coverage:  View help for Geographic Coverage 70 countries
Time Period(s):  View help for Time Period(s) 1980 – 2017
Collection Date(s):  View help for Collection Date(s) 8/2023 – 9/2023
Universe:  View help for Universe Household income
Data Type(s):  View help for Data Type(s) aggregate data
Collection Notes:  View help for Collection Notes Annual data collected from publicly available databases, mainly the World Bank and the International Monetary Fund

Methodology

Data Source:  View help for Data Source World Bank
International Monetary Fund
The Standardized World Income Inequality Database
the World Inequality Lab’s World Inequality Database.
Collection Mode(s):  View help for Collection Mode(s) coded on-site observation

Related Publications

Download this project

Published Versions

V1 [2023-09-17]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.