Why Are Illiquid Households Affected More by Inflation?

Yu-Ting Chiang, Mick Dueholm and Ezra Karger
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Yu-Ting Chiang: https://research.stlouisfed.org/econ/chiang/oc/
Ezra Karger: https://www.chicagofed.org/people/k/karger-ezra

On the Economy from Federal Reserve Bank of St. Louis

Abstract: Surprise inflation can hit illiquid households harder because they can’t easily offset real losses in short-term assets with real gains in long-term liabilities.

Keywords: inflation; household illiquidity (search for similar items in EconPapers)
Date: 2025-02-13
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:99553

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