September 12, 2008
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Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
Staff Working Paper 2008-31 Césaire Meh, José-Víctor Ríos-Rull, Yaz TerajimaSince the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major redistribution of wealth – between households and the government, between nationals and foreigners, and between households within the same country.Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Inflation and prices, Inflation targets, Inflation: costs and benefits, Monetary policy framework, Sectoral balance sheet JEL Code(s): D, D3, D31, E, E2, E21, E3, E31, E4, E44, E5, E52, E6, E63
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