Inflation and the Redistribution of Nominal Wealth

By Matthias Doepke, Martin Schneider. Journal of Political Economy, 2006

573 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/36b1ed509e72b76e7484ee12892f69908e4487ed

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Angeliki Theophilopoulou
2. Klaus Adam
3. M. Amir
4. M. Di
5. K. Ramcharan
6. Haroon Mumtaz
7. Junyi Zhu

In Economics and Econometrics

1. Klaus Adam
2. Angeliki Theophilopoulou
3. Carlos M. Carvalho
4. M. Amir
5. M. Di
6. K. Ramcharan
7. A. Ferrero
8. Haroon Mumtaz

Citations in the corpus

• Monetary Policy and the Redistribution Channel (2017, unknown): “Doepke and Schneider (2006a) find that the net nominal position of U.S. households is positive.”
• The Political Origin of Pension Funding (2008, unknown): “3 Doepke and Schneider (2006) simulate the impact of inflationary shocks in the US nowadays and obtain large redistributive effects.”
• Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging (2014, background): “6See Doepke and Schneider (2006) for evidence regarding the valuation channel.”
• Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area (2014, methodology): “by Doepke and Schneider (2006) and for Canada by Meh and Terajima (2008). Following this earlier work, we define - for any considered age cohort - ‘Rich HHs’ as those within the top 10% of the cohort NW distribution.”
• CENTRAL BANK POLICIES AND INCOME AND WEALTH INEQUALITY: A SURVEY (2019, unknown): “According to Doepke and Schneider (2006) and Adam and Zhu (2016), unexpected inflation benefits (young) middle-class households who are net borrowers with mortgage debts, but hurts (old) rich households who are net lenders with large savings, invested primarily in long-term bonds.”
• Demographics and Real Interest Rates: Inspecting the Mechanism (2016, background): “However, the benefits of higher inflation must be weighted against its welfare costs, such as those stemming from higher price dispersion (e.g., Ascari and Sbordone 2014), and the distributional effects (Doepke and Schneider, 2006).”
• Innocent Bystanders? Monetary Policy and Inequality in the U.S. (2012, unknown): “…because monetary policy actions alter real interest rates in the short run, they will have redistributive effects on savers and borrowers as in Doepke and Schneider (2006): since contractionary policy shocks represent a transfer from borrowers (low net-worth) to savers (high networth), one…”
• Bond Supply and Excess Bond Returns (2014, unknown): “As in Doepke and Schneider (2006), we break the stream of each bond’s cash flows into principal and coupon payments.”