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Description
JEL E50
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This paper explores the link between heterogeneity and inflation, focusing on the heterogeneity in skill associated with structural features of the economy. In studying the impact of agents' heterogeneity on the macroeconomy researchers have often focused on income inequality (e.g., Dolmas et al. 2000, Canadian Journal of Economics; Bhattacharya et al. 2005, Canadian Journal of Economics). The shift of focus from income inequality to... |

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