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Tesi etd-09182016-173149


Thesis type
Tesi di laurea magistrale
Author
PALLOTTI, FILIPPO
URN
etd-09182016-173149
Title
Aggregate consumption responses to inflation with household heterogeneity
Struttura
ECONOMIA E MANAGEMENT
Corso di studi
ECONOMICS
Supervisors
relatore Prof. Fiaschi, Davide
Parole chiave
  • heterogeneous agents
  • inflation
  • monetary policy
  • redistribution
Data inizio appello
03/10/2016;
Consultabilità
Parziale
Data di rilascio
03/10/2019
Riassunto analitico
Since inflation is redistributive, do we see in the data after an inflationary shock reductions in consumption by net nominal “savers” and increases in consumption by net nominal “borrowers”, as standard consumer theory would suggest?
If yes, is the reduction of savers’ consumption prevailing at the aggregate level, since households have on average a positive net nominal position (Pigou hypothesis), or is the increase in consumption by nominal borrowers more important, since they tend to have an higher MPC (Tobin-Fisher hypothesis)?
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