We study the redistributive effects of inflation combining administrative bank data with an information provision … experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are … concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are …

model, by assuming that in addition to his own current consumption, an agentś current utility depends upon a reference …

qualitative inflation expectations, and negatively with quantitative nominal interest rate expectations. Overall, this results in … interest rates is most pronounced for consumers who are active on financial markets. Finally, economic news on inflation and … financial market developments observed by the consumer strengthen the effects of their interest rate and inflation expectations …

utility services. My findings also indicate households are more willing to substitute housing and nondurable consumption …