Griffith, Rachel; Leibtag, Ephraim; Leicester, Andrew; … - 2008
important. For example, Deaton and
Muellbauer (1980, Table 7.1) report that during 1975-76, when inflation in the UK was 15 …
variation in inflation across households and so distributional issues are not so important. In
periods of high inflation, and … in particular when inflation is driven by only certain commodities,
heterogeneity across households is likely to be more …