voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2022-10-5-19voprecotest-4160Research ArticleМАКРОЭКОНОМИКАMACROECONOMICSВлияет ли неравенство доходов на инфляцию в России?Does income inequality affect inflation in Russia?https://orcid.org/0000-0001-5973-3776КартаевФ. С.KartaevP. S.

Картаев Филипп Сергеевич, доктор экономических наук, завкафедрой математических методов анализа экономики экономического факультета

Москва

Philipp S. Kartaev

Moscow

kartaev@gmail.comhttps://orcid.org/0000-0002-1556-8155СамсоноваМ. А.SamsonovaM. A.

Самсонова Марина Андреевна, ассистент экономического факультета

Москва

Marina A. Samsonova

Moscow

samsonovamarina@mail.ruМосковский государственный университет имени М. В. Ломоносова (Москва, Россия)РоссияLomonosov Moscow State UniversityRussian Federation202211102022010519Copyright © Voprosy Ekonomiki, NP, 20222022Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/4160

В работе исследуется влияние неравенства доходов в российских регионах на динамику общего уровня цен. В рамках эконометрического моделирования на основе панельных данных по 82 российским регионам за 2011—2020 гг. выявлены свидетельства того, что более высокое неравенство сдерживает инфляцию, а его сокращение приводит к ускорению роста цен. Для решения проблемы эндогенности в работе применен подход с опорой на инструментальные переменные. Показано, что результат моделирования устойчив к изменению мер неравенства, методов оценивания и инструментов. Проанализированы потенциальные каналы влияния неравенства распределения доходов на инфляцию и эффективность денежно-кредитной политики, объясняющие полученный эффект.

The paper examines the impact of income inequality in Russian regions on the dynamics of the overall price level. In the framework of econometric modeling based on panel data of 82 Russian regions for 2011—2020, it was evidenced that higher inequality restrains inflation, while reducing inequality accelerates price growth. To overcome the problem of endogeneity, an approach based on instrumental variables is applied. It is shown that the result is robust to changes in inequality measures, estimation methods and instrumental variables. The potential channels of influence of income distribution inequality on inflation and the effectiveness of monetary policy explaining the effect are analyzed.

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The authors declare that there are no conflicts of interest present.