Evidence on the portfolio holdings and transaction patterns of households suggests that the burden of inflation is not … this framework to study the distributional impact of inflation. At the aggregate level, our model economy behaves similarly … to standard monetary growth models within the representative agent abstraction. Inflation has, however, important …

This paper develops a monetary growth model in which inflation affects credit market efficiency, and via this link … severity of the contracting friction thereby promoting credit market efficiency and capital formation. Inflation acts as an … inflation tax to capitalists or workers, inflation increases the steady-state capital stock. The regime where workers get the …

positive correlation between income inequality and inflation and then present a theory of the determination of inflation …What can account for the different contemporaneous inflation experiences of various countries, and of the same country … over time? We present an analysis of the determination of inflation from a political economy perspective. We document a …

in the theory of inflation and distribution, and analyze two closures: The trade deficit as a market clearing mechanism …Several models of conflict inflation have been developed within the structuralist tradition. This paper differs from …

Do democracies suffer higher inflation than non-democracies? We identify two competing hypotheses regarding the impact … of democracy on inflation. In the "populist" approach, inflation is the result of public demands for transfers financed … by the inflation tax, suggesting that electoral competition will increase inflation. In the "state-capture" approach …

stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With …-margin) force that works in opposite direction to well-known redistributive (intensive-margin) effect of inflation. This implies a … new trade-off in response to long run inflation targets. Welfare falls but liquid-wealth inequality falls and then rises …

stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With …-margin) force that works in opposite direction to well-known redistributive (intensive-margin) effect of inflation. This implies a … new trade-off in response to long-run inflation targets. Welfare falls but liquid-wealth inequality falls and then rises …