Redistribution effects of inflation

This note discusses Lee Ohanian׳s paper on “Monetary policy in the midst of big shocks”. In particular, it asks what would happen if assumptions are changed so inflation have redistribution effects. Evidence on nominal positions suggests that such effects can be quantitatively important.

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Year of publication:	2014
Authors:	Schneider, Martin
Published in:	Journal of Economic Dynamics and Control. - Elsevier, ISSN 0165-1889. - Vol. 49.2014, C, p. 49-51
Publisher:	Elsevier
Subject:	Inflation \| Redistribution \| Monetary policy

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Type of publication:	Article
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E4 - Money and Interest Rates ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; N2 - Financial Markets and Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011117356