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Who Bears the Costs of Inflation? Euro Area Households and the 2021–2023 Shock

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NBER2023-11-01 更新2025-01-04 收录
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We measure the heterogeneous first-order welfare effects of the recent inflation surge across households in the euro area. A simple framework illustrating the numerous transmission channels of surprise inflation to household welfare guides our empirical exercise. By combining micro data and

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2023-11-01
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