Brunnermeier, Markus K.; Correia, Sergio; Luck, Stephan; … - 2023
The recent rise in price pressures around the world has reignited interest in understanding how inflation transmits to … the real economy. Economists have long recognized that unexpected surges of inflation can redistribute wealth from …, which we call the debt-inflation channel, is well understood theoretically (for example, Gomes, Jermann, and Schmid 2016 …