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España | El impacto heterogéneo de la inflación en los balances de los hogares
[Spain | The heterogeneous impact of inflation on households’ balance sheets]

Author

Listed:
  • Clodomiro Ferreira
  • José Leiva Murillo
  • Galo Nuño Barrau
  • Alvaro Ortiz
  • Tomasa Rodrigo
  • Sirenia Vázquez

Abstract

This study examines how inflation in 2021 affected wealth inequality in Spain through three channels: the traditional wealth channel, the income channel, and the relative consumption channel. The wealth and income channels had significantly larger effects than the consumption channel. This study examines how inflation in 2021 affected wealth inequality in Spain through three channels: the traditional wealth channel, the income channel, and the relative consumption channel. The wealth and income channels had significantly larger effects than the consumption channel.

Suggested Citation

  • Clodomiro Ferreira & José Leiva Murillo & Galo Nuño Barrau & Alvaro Ortiz & Tomasa Rodrigo & Sirenia Vázquez, 2024. "España | El impacto heterogéneo de la inflación en los balances de los hogares [Spain | The heterogeneous impact of inflation on households’ balance sheets]," Working Papers 24/13, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:2413
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    JEL classification:

    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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