España | El impacto heterogéneo de la inflación en los balances de los hogares

Spain | The heterogeneous impact of inflation on households’ balance sheets

Clodomiro Ferreira, José Leiva Murillo, Galo Nuño Barrau, Alvaro Ortiz, Tomasa Rodrigo and Sirenia Vázquez

No 24/13, Working Papers from BBVA Bank, Economic Research Department

Abstract: This study examines how inflation in 2021 affected wealth inequality in Spain through three channels: the traditional wealth channel, the income channel, and the relative consumption channel. The wealth and income channels had significantly larger effects than the consumption channel. This study examines how inflation in 2021 affected wealth inequality in Spain through three channels: the traditional wealth channel, the income channel, and the relative consumption channel. The wealth and income channels had significantly larger effects than the consumption channel.

Keywords: Net nominal positions; Posición nominal neta; Nominal wage rigidities; Rigideces en salarios nominales; Inflation; Inflación; inflation dynamics; dinámica de inflación; Spain; España; Regional Analysis Spain; Análisis Regional España; Energy and Commodities; Energía y Materias Primas; Consumption; Consumo; Working Paper; Documento de Trabajo (search for similar items in EconPapers)
JEL-codes: D31 E31 G51 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2024-10
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:2413

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