| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5257 |
| DP5257 Efficient Exclusion | |
| Espen R. Moen; Christian Riis | |
| 发表日期 | 2005-09-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper provides a quantitative assessment of the effects of inflation through changes in the value of nominal assets. We document nominal positions in the US across sectors as well as different groups of households, and estimate the redistribution brought about by a moderate inflation episode. Redistribution takes the form of 'ends-against-the-middle': the middle class gains at the cost of the rich and poor. In addition, inflation favours the young over the old, and hurts foreigners. A calibrated OLG model is used to assess the macroeconomic implications of this redistribution under alternative fiscal policy rules. We show that inflation-induced redistribution has a persistent negative effect on output, but improves the weighted welfare of domestic households. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | inflation Redistribution Welfare |
| URL | https://cepr.org/publications/dp5257 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534126 |
| 推荐引用方式 GB/T 7714 | Espen R. Moen,Christian Riis. DP5257 Efficient Exclusion. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Espen R. Moen]的文章 |
| [Christian Riis]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Espen R. Moen]的文章 |
| [Christian Riis]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Espen R. Moen]的文章 |
| [Christian Riis]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
