. Since inflation in our model is driven by distribution conflict, the "normal rate" of utilisation is associated with … consistent claims of firms and employees. Taking into account real debt effects of changes in inflation and distribution effects … Inflation in unserem Modell durch Verteilungskonflikte verursacht wird, ist der normale Auslastungsgrad durch miteinander …

low and stable inflation could at the same time reduce consumption inequality over a 12-18 month horizon, commonly … currency by keeping inflation low and steady. This paper provides evidence that monetary policy tightening aimed at maintaining … benefit mainly from lower inflation. By contrast, the real consumption of individuals at higher ends of the consumption …

This paper aims at providing new evidence over the effect of conventional monetary policy shocks on wage inequality …