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Displaying results 1 to 4 of 4.

  1. The effect of monetary policy on inflation heterogeneity along the income distribution
    Author: Ampudia, Miguel; Ehrmann, Michael; Strasser, Georg
    Published: September 11, 2023
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 546
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: BIS working papers ; no 1124
    Subjects: inflation; distributional effects; monetary policy; shopping behaviour; substitution
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  2. The effect of monetary policy on inflation heterogeneity along the income distribution
    Author: Ampudia, Miguel; Ehrmann, Michael; Strasser, Georg
    Published: 13 September 2023
    Publisher:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18460
    Subjects: inflation; distributional effects; monetary policy; shopping behaviour; substitution
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  3. The effect of monetary policy on inflation heterogeneity along the income distribution
    Author: Ampudia, Miguel; Ehrmann, Michael; Strasser, Georg
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper studies the effect of monetary policy on inflation along the income distribution in several euro area countries. It shows that monetary policy has differential effects and identifies two channels which point in opposite directions. On the... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    This paper studies the effect of monetary policy on inflation along the income distribution in several euro area countries. It shows that monetary policy has differential effects and identifies two channels which point in opposite directions. On the one hand, different consumption shares imply that inflation by high-income households responds less to monetary policy. On the other hand, the paper provides novel evidence that there are substantial differences in shopping behaviour and its reaction to monetary policy, which imply that inflation by high-income households responds more to monetary policy.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289962230
    Other identifier:
    Series: Working paper series / European Central Bank ; no 2858
    Subjects: inflation; distributional effects; monetary policy; shopping behaviour; substitution
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  4. Inflation heterogeneity across households
    Author: Kiss, Regina; Strasser, Georg
    Published: [2024]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper studies the nature, evolution, and sources of inflation heterogeneity across households in France and Germany. Inflation differences are large and persistent. The two main sources of inflation heterogeneity are spatial differences in the... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    This paper studies the nature, evolution, and sources of inflation heterogeneity across households in France and Germany. Inflation differences are large and persistent. The two main sources of inflation heterogeneity are spatial differences in the prices paid for the same product and differences in the household-specific variety choice within a category. Income heterogeneity by itself is not a relevant determinant of inflation heterogeneity, but due to its correlation with household behaviour, a significant and time-varying inflation difference between income groups emerges. Substitution is strongly behaviour-driven and largely detached from the relative price. The dispersion of the household-level elasticity of substitution does not fully account for the heterogeneity of substitution behaviour. Substitution does not reduce the dispersion of inflation, confirming the central role of preference heterogeneity in inflation measurement.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289963787
    Other identifier:
    Series: Working paper series / European Central Bank ; no 2898
    Subjects: inflation; household heterogeneity; shopping behaviour; substitution; inequality
    Scope: 1 Online-Ressource (circa 74 Seiten), Illustrationen