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Redistribution effects of inflation

Author

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  • Schneider, Martin

Abstract

This note discusses Lee Ohanian׳s paper on “Monetary policy in the midst of big shocks”. In particular, it asks what would happen if assumptions are changed so inflation have redistribution effects. Evidence on nominal positions suggests that such effects can be quantitatively important.

Suggested Citation

  • Schneider, Martin, 2014. "Redistribution effects of inflation," Journal of Economic Dynamics and Control, Elsevier, vol. 49(C), pages 49-51.
    • Handle: RePEc:eee:dyncon:v:49:y:2014:i:c:p:49-51
    DOI: 10.1016/j.jedc.2014.09.037
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    References listed on IDEAS

    as
    1. Matthias Doepke & Martin Schneider, 2006. "Inflation and the Redistribution of Nominal Wealth," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1069-1097, December.
    2. Matthias Doepke, "undated". "Inflation as a Redistribution Shock: Effects on Aggregates and Welfare," UCLA Economics Online Papers 412, UCLA Department of Economics.
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    Citations

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    Cited by:

    1. Pleninger, Regina & Sturm, Jan-Egbert, 2020. "The effects of economic globalisation and ethnic fractionalisation on redistribution," World Development, Elsevier, vol. 130(C).
    2. repec:zbw:bofitp:urn:nbn:fi:bof-201505201211 is not listed on IDEAS
    3. Sánchez-Fung, José R., 2015. "Estimating the impact of monetary policy on inequality in China," BOFIT Discussion Papers 17/2015, Bank of Finland, Institute for Economies in Transition.
    4. repec:zbw:bofitp:2015_017 is not listed on IDEAS
    5. repec:bof:bofitp:urn:nbn:fi:bof-201505201211 is not listed on IDEAS
    6. Sargent, Thomas J., 2014. "The evolution of monetary policy rules," Journal of Economic Dynamics and Control, Elsevier, vol. 49(C), pages 147-150.
    7. Sánchez-Fung, José R., 2015. "Estimating the impact of monetary policy on inequality in China," BOFIT Discussion Papers 17/2015, Bank of Finland Institute for Emerging Economies (BOFIT).

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    More about this item

    Keywords

    Inflation; Redistribution; Monetary policy;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • N2 - Economic History - - Financial Markets and Institutions

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