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unequal levels of inflation faced by different households. In this paper we measure the degree of inequality in inflation … sample period there are substantial differences in the inflation experiences across U.S. households. We find that the cost of …, when looking at the whole population, we find that individual households that are confronted with high inflation in one …
Persistent link: https://www.econbiz.de/10014060902
A popular argument in favour of price stability is that the inflation-tax burden would disproportionately fall on the … interest bearing assets (LAMP). We show that a combination of higher inflation and lower income taxes reduces inequality. When … we calibrate the share of constrained agents to fit the wealth Gini index for the US, the optimal inflation rate is above …
Persistent link: https://www.econbiz.de/10012979825
Inflation is often assumed to affect all people in the same way. In practice, differences in spending patterns across … households and differences in price increases across goods and services lead to unequal levels of inflation for different … households. In this paper, we measure the degree of inequality in inflation across U.S. households for the period 1987-2001.Our …
Persistent link: https://www.econbiz.de/10012733980
between income inequality and the inflation rate. Employing a semiparametric instrument variable (IV) estimator, we find that … the relationship depends on the level of the inflation rate. A positive relationship occurs only if the states exceed a … threshold level of inflation rate. Below this value, inflation rate lowers income inequality. The results suggest that a …
Persistent link: https://www.econbiz.de/10012854590
than the prices of nontradables/higher-priced varieties. These relative price changes may lead to inflation inequality when …, we show that inflation of poor households in Brazil was at least 11 percentage points higher than of the rich in the … aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality …
Persistent link: https://www.econbiz.de/10012239519
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