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, this paper also asks whether faster productivity growth reduces inflation, raises nominal wage growth, or raises profits …. We find that an acceleration or deceleration of the productivity growth trend alters the inflation rate by at least one …A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But …
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indices and reveal the existence of a pro-rich inflation in Europe. Particularly, over the period 2001-15, the consumption … those of the richest decile. We find that ignoring the differential inflation across the distribution underestimates the … large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …
Persistent link: https://www.econbiz.de/10011848056
indices and reveal the existence of a pro-rich inflation in Europe. Particularly, over the period 2001-15, the consumption … those of the richest decile. We find that ignoring the differential inflation across the distribution underestimates the … large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …
Persistent link: https://www.econbiz.de/10011862889
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Inflation is often assumed to affect all people in the same way. In practice, differences in spending patterns across … households and differences in price increases across goods and services lead to unequal levels of inflation for different … households. In this paper, we measure the degree of inequality in inflation across U.S. households for the period 1987-2001.Our …
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