Inflation and the Redistribution of Nominal Wealth
Datos Bibliográficos
| ID | 10172820 |
|---|---|
| Autores | Matthias Doepke (0000-0001-8073-6138, University of California, Los Angeles), Martin Schneider (0000-0002-6961-3716, New York University) |
| Año | 2006 |
| Volumen | 114 |
| Número | 6 |
| Páginas | 1069-1097 |
| Fecha de publicación | 2006-12-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Journal of Political Economy (JOURNAL) |
| Identificadores de la revista | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Editorial | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/508379 |
| OpenAlex | W2117338956 |
| Idioma | EN |
| Citas recibidas | 35 |
| Referencias citadas | 10 |
This study quantitatively assesses the effects of inflation through changes in the value of nominal assets. It documents nominal asset positions in the United States across sectors and groups of households and estimates the wealth redistribution caused by a moderate inflation episode. The main losers from inflation are rich, old households, the major bondholders in the economy. The main winners are young, middle-class households with fixed-rate mortgage debt. Besides transferring resources from the old to the young, inflation is a boon for the government and a tax on foreigners. Lately, the amount of U.S. nominal assets held by foreigners has grown dramatically, increasing the potential for a large inflation-induced wealth transfer from foreigners to domestic households
Asset (computer security · Debt · Economics · Inflation (cosmology · Macroeconomics · Market economy · Monetary economics · Monetary policy · National wealth · Real interest rate · Redistribution (election · Redistribution of income and wealth · Transfer payment · Value (mathematics · Welfare · Economic theories and models · Economic Theory and Policy · Finance · Financial Literacy, Pension, Retirement Analysis
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| Obras citantes distintas | 35 |
|---|---|
| Citas por año | 2,33 |
| Intervalo de citas | 2011 - 2026 (16) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 35 |