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Inequality and the Inflation Tax
Binder, Carola - 2019
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 …
Persistent link: https://www.econbiz.de/10012900270
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Why do Europeans save? : micro-evidence from the household finance and consumption survey
Horioka, Charles; Ventura, Luigi - 2024
In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to...
Persistent link: https://www.econbiz.de/10015047840
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Inflation and wealth distribution
Heer, Burkhard; Süssmuth, Bernd - 2003
The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG … of inflation results in a lower stock market participation rate; in addition, the distribution of wealth becomes more … anticipated inflation are considerably lower than in Imrohoroglu (1992). …
Persistent link: https://www.econbiz.de/10011514109
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Money growth and consumer price inflation in the euro area : a wavelet analysis
Mandler, Martin; Scharnagl, Michael - 2014
Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …
Persistent link: https://www.econbiz.de/10010433361
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Inflation and inflation differentials in core Eurozone countries
Popović, Svetlana; Janković, Irena; Lukić, Velimir - In: Ekonomske teme 60 (2022) 2, pp. 165-186
The paper analyzes the convergence of inflation rates in the group of more developed members of the Eurozone (core … countries). What are the characteristics and is the inflation process in these countries sufficiently homogeneous? Are the … analysed inflation rates converging, so that there is an indication that these countries tend to form the optimal currency area …
Persistent link: https://www.econbiz.de/10014281769
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Intergenerational transfers and wealth in the Euro-area : the relevance of inheritances and gifts in absolute and relative terms
Tiefensee, Anita; Westermeier, Christian - 2016
Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10011440820
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Intergenerational transfers and wealth in the euro-area : the relevance of inheritances and gifts in absolute and relative terms
Tiefensee, Anita; Westermeier, Christian - 2016
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10011441460
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Intergenerational Transfers and Wealth in the Euro-Area : The Relevance of Inheritances and Gifts in Absolute and Relative Terms
Tiefensee, Anita - 2016
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10012997148
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Results from the first wave
Europäische Zentralbank / Eurosystem Household Finance … - 2013
This report summarises key stylised facts from the first wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in 15 euro area countries for a sample of more than 62,000 households. The report presents results on...
Persistent link: https://www.econbiz.de/10011664034
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Inflation and Wealth Distribution
Heer, Burkhard; Süssmuth, Bernd - 2021
The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG … of inflation results in a lower stock market participation rate; in addition, the distribution of wealth becomes more … anticipated inflation are considerably lower than in Imrohoroglu (1992) …
Persistent link: https://www.econbiz.de/10013320148