Real E ff ects of In fl ation Through the Redistribution of Nominal Wealth

@inproceedings{Doepke2004RealEF,
  title={Real E ff ects of In fl ation Through the Redistribution of Nominal Wealth},
  author={Matthias Doepke and Martin Schneider},
  year={2004}
}
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 U.S. 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… CONTINUE READING