We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple … framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …; (ii) this inflation episode resembles an age-dependent tax, with the elderly losing up to 20%, and roughly half of the 25 …

. 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 …

We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple … framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …; (ii) this inflation episode resembles an age-dependent tax, with the elderly losing up to 20%, and roughly half of the 25 …

Since the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major … redistribution of wealth between households and the government, between nationals and foreigners, and between households within the … same country. Two types of monetary policy, inflation targeting (IT) and price level targeting (PT), have very different …

Inflation is often assumed to affect all people in the same way. However, differences in spending patterns across … households and differences in price changes across goods and services lead to a different inflation rate for each household. In … this paper, we estimate inflation rates for various population groups in Greece during the period 1999-2004 as well as the …

We analyse the impact of the marked and unexpected increase in inflation recorded since the second half of 2021 on … inflationary shock. According to our estimates, in 2022 the measures attenuated inflation on average by slightly less than 2 …

Monetary policy has implicit redistribution effects for households when households are different. This changes the … redistributionary channels amend the standard consumption response to monetary policy - an earnings heterogeneity channel, an inflation … unique question in the HFCS to calculate the sufficient statistics necessary to evaluate these redistribution channels. For …

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 …