Are Inflationary Shocks Regressive? A Feasible Set Approach
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We develop a framework to measure the welfare impact of inflationary shocks throughout the distribution. The first-order impact of a shock is summarized by the induced movements in agents' feasible sets: their budget constraint and borrowing constraints. To measure this impact, we combine estimated
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美国国家经济研究局创建时间：
2023-04-01
