, and Belgium and Malta being the largest losers. Governments are net winners of inflation, while the household (HH) sector … Spain turn out to be net winners of inflation. Considerable heterogeneity exists also within the HH sector: relatively young … middle class HHs are net winners of inflation, while older and richer HHs are losers. As a result, wealth inequality for the …

The entrance of Italy in the Euro area in 2001 has given rise to a wide debate about the perception of inflation on … national level. Much less analysis has been carried out on the microeconomic consequences of inflation on every household and … analysis of the impact of inflation on Italian households in the period 1997-2007. The extension of the study allows to capture …

redistribution brought about by a moderate inflation episode. Redistribution takes the form of 'ends-against-the-middle': the middle … rules. We show that inflation-induced redistribution has a persistent negative effect on output, but improves the weighted …This paper provides a quantitative assessment of the effects of inflation through changes in the value of nominal …

by governments concerned with the costs of inflation and unemployment, as well as with redistribution to particular …, or of central bank conservativeness are associated with lower unemployment and inflation. However the forward shifting of …

by governments concerned with the costs of inflation and unemployment, as well as with redistribution to particular …, or of central bank conservativeness are associated with lower unemployment and inflation. However the forward shifting of …

. Motivated by the case of an unanticipated inflation episode, we consider redistribution shocks that shift resources from old to …This paper shows that a zero-sum redistribution of wealth within a country can have persistent aggregate effects …

, and Belgium and Malta being the largest losers. Governments are net winners of inflation, while the household (HH) sector …, while HHs in Finland and Spain turn out to be net winners of inflation. Considerable heterogeneity exists also within the HH … sector: relatively young middle class HHs are net winners of inflation, while older and richer HHs are losers. As a result …