Showing 1 - 10 of 373
" to inflation, an effect that is known as exchange rate pass-through (ERPT). In particular, if an exchange rate … relatively lower ERPT in the past two decades, the exchange rate continues to be a large determinant of inflation in several …
Persistent link: https://www.econbiz.de/10011521215
, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a … younger and older parties, older left-wing parties are more likely to internalize the long-run costs of redistribution and to … be more credible in their commitment to redistribution, leading them to redistribute less. With entirely different data …
Persistent link: https://www.econbiz.de/10011290253
redistribution kept the gap in disposable income between those same households roughly constant, while also closing the gap between …
Persistent link: https://www.econbiz.de/10013167640
borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We model an … though inflation-induced redistribution has a persistent negative effect on output, it improves the weighted welfare of …Episodes of unanticipated inflation reduce the real value of nominal claims and thus redistribute wealth from lenders to …
Persistent link: https://www.econbiz.de/10005857752
redistribution decisions at the end of that period, in an environment where we keep fixed the sum of incomes over the period. First … effect of income inequality on redistribution decisions, we delve into the history behind one's income to isolate the effect …
Persistent link: https://www.econbiz.de/10012814519
The aim of this study is to analyze redistribution within the Austrian tax-benefit system. In this work we take a … two kinds of redistribution: between the households belonging to different income groups, and between generations, taking …
Persistent link: https://www.econbiz.de/10012208633
This paper uses standard fiscal incidence analysis to study how much income redistribution and poverty reduction are …
Persistent link: https://www.econbiz.de/10014546273
impact is equalizing for direct taxes and unequalizing for indirect taxes. Overall, redistribution through taxes, without … of the corporate income tax contributes to improve redistribution and accounts for better comparison with the …
Persistent link: https://www.econbiz.de/10014545255
During the Great Recession, the collapse of consumption across the U.S. varied greatly but systematically with house-price declines. We find that financial distress among U.S. households amplified the sensitivity of consumption to house-price shocks. We uncover two essential facts: (1) the...
Persistent link: https://www.econbiz.de/10012137091
promotions on inflation measurement. Although changes in product-level expenditure shares were unusually high during lockdown, we … inflation, and lower use of promotions by low-income consumers explains why they experienced moderately lower inflation. Overall …, changes in shopping behaviours played only a minor role in driving higher inflation during lockdown; higher prices were the …
Persistent link: https://www.econbiz.de/10012293184