Is There Really an Inflation Tax? Not For the Middle Class and the Ultra-Wealthy
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One hallmark of U.S. monetary policy since the early 1980s has been moderation in inflation (at least, until recently). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax on income is defined as the difference between the nominal
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美国国家经济研究局创建时间：
2023-10-01
