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Tag Archives: expansionary monetary policy

Who is hurt most by inflation?

Tyler Cowen has a new Bloomberg column that starts off as follows: With inflation now rising faster than at any time in the last four decades, economists are debating which group suffers more from inflation, the poor or the rich. This kind of economy-wide question is not easy to answer, especially when rates of inflation have been so low in recent times and hard data are scarce. Nor is it obvious how exactly to compare the losses to the poor to the losses to...

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