Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
Klaus Adam and Junyi Zhu | 17 September 2015Monetary, Working Papers | Tags: Inequality, Inflation
We document the presence of sizable nominal wealth redistribution effects from unexpected price level movements in the Euro Area (EA), using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net loser of unexpected ... continue reading