How Much Are We “Taxed” by Surprise Inflation?

Yu-Ting Chiang and Jesse LaBelle
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Yu-Ting Chiang: https://research.stlouisfed.org/econ/chiang/oc/

On the Economy from Federal Reserve Bank of St. Louis

Abstract: When inflation surprises to the upside, borrowers pay back less in real terms. And Uncle Sam is America’s biggest borrower.

Keywords: inflation; taxation; borrowing (search for similar items in EconPapers)
Date: 2022-03-02
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:94116

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