and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

This paper studies the effect of monetary policy on inflation along the income distribution in several euro area …. On the one hand, different consumption shares imply that inflation by high-income households responds less to monetary … its reaction to monetary policy, which imply that inflation by high-income households responds more to monetary policy. …

increase according to trends in productivity and the target inflation rate of the central bank. Wage developments without …

We quantitatively analyze the way inflation alters the inequality of the income distribution in the U.S. economy. The … main mechanism emphasized in this paper is the "bracket creep" effect according to which inflation pushes income into …, we study time series from the U.S. economy. As our central result we find that irrespective of the level of inflation …