. 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 …

Numerous studies document a positive correlation between inflation and income inequality. I show that this correlation … period and sample of countries. In the literature on the political economy of inflation, monetary financing and income taxes … are substitutes. Correspondingly, as the correlation between inequality and inflation has become more negative, the …

by the liability progression of personal income tax in the pre-inflation period. Second, the impact of fiscal drag on the …

This paper studies the redistributive and revenue effects of bracket creep in Germany under various inflation scenarios … micro-simulation model developed for the newly available PHF data, we document an inverted U-shaped overall redistribution … effect of the tax system with respect to the inflation rate, which contrasts Immervoll (2005) who finds that the fiscal drag …

This paper investigated the link between inflation and the top decile income share after the global financial crisis …. The analysis was done on a sample of 42 countries. We found that higher inflation has reduced the income going to the top … decile. The main explanation is that inflation has eroded their labour income, differently from the low-income individuals …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …