This paper undertakes a quantitative investigation of the effects of anticipated inflation on the distribution of … environment to study the distributive effects of changes in anticipated inflation. An increase in anticipated inflation leads …, this redistribution improves aggregate welfare. First, this paper shows that inflation acts not only a regressive …

We develop an experimental framework to investigate the quantity theory of money and the real effects of inflation in … an economy where money serves as a medium of exchange. We test the classical view that inflation reduces output and … welfare by taxing monetary exchange. Inflation is engineered by constant money growth. We conduct three treatments, where the …