The (Dis-)equalizing effects of production networks

Leonhard Ipsen and Jan Schulz-Gebhard

No 195, BERG Working Paper Series from Bamberg University, Bamberg Economic Research Group

Abstract: We suggest and empirically substantiate that the global production network constitutes an important variable for inflation inequality, as it modulates the impact of cost-push shocks on households. For most price shocks, the production network reduces inflation inequality, however, at the expense of lower-income households. Introducing a synthetic Consumer Price Index indicates lower-income households to be at the losing end of the overall effect of supply-side price shocks.

Keywords: Inequality; Inflation; Input-output Analysis; Europe (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bamber:300671

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