the paper provides a closed-form solution to the general equilibrium expression of the welfare costs of inflation when the … the general-equilibrium and Bailey's partial-equilibrium estimates of the welfare losses due to inflation. Again, in Lucas …

of inflation (five of which already existing in the literature) for any vector of opportunity costs. The ordering of the …

inflation, as well as to the difference between the general-equilibrium measure and Bailey's (1956) partial-equilibrium measure …

form of concavity discovered in the Phillips curves, the low inflation rate experienced over the last couple of decades can …

Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By ….g. food prices for low-wage workers). Based on the conflicting-claims inflation literature, we propose a new extension to this … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …

between inflation dynamics and rising market concentration. …

This paper analyses the distributional impact of high consumer inflation in the euro area and government measures to … quantify the distributional impact of inflation, income support measures and measures aimed at containing prices. The analysis … confirms that purchasing power and welfare were more severely affected by the 2022 inflation surge in lower-income households …

What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million …, we find that both inflation and unemployment have a negative link with confidence in financial institutions. While … inflation is generally unassociated with confidence in government and leadership approval, unemployment still has a strong …

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of … historically high inflation. Investors’ beliefs about the stock return-inflation relation are very heterogeneous in the cross … section and on average too optimistic. Moreover, many investors appear unaware of inflation-hedging strategies despite being …