. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …

consumption, income and wealth. We account for the various channels through which inflation affects individual households, and for … the monetary and fiscal policy responses to the inflationary shock. Our results indicate that the effects of inflation … differences in individual consumption patterns. On average, the effect of inflation is regressive, with lower income households …