Pallotti, Filippo; Paz Pardo, Gonzalo; Slacalek, Jirka; … - National Bureau of Economic Research - 2023
We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple … framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …; (ii) this inflation episode resembles an age-dependent tax, with the elderly losing up to 20%, and roughly half of the 25 …