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Causes and Consequences of Inflation - LMU

Munich Personal RePEc ArchiveCauses and Consequences of InflationBagus, Philipp and Gabriel, Amadeus and Howden, David2014 Online Paper No. 79608, posted 09 Jun 2017 04:57 UTC1 This article can be cited as: Bagus, Philipp, David Howden and Amadeus Gabriel. 2014. Causes and Consequences of Inflation. Business and Society Review 119(4): 497-517. It can be found at: Causes and Consequences of Inflation1 Philipp Bagus Associate Professor of the Economics Department Universidad Rey Juan Carlos Madrid, Spain David Howden Professor of Economics St. Louis University Madrid, Spain Amadeus Gabriel Assistant Professor Department of Finance and Economics La Rochelle Business School La Rochelle, France Abstract: While ethical implications of direct taxation systems have recently received renewed attention, a more veiled scheme remains unnoticed: inflation. We overview the Causes of inflation and assess its Consequences . Salient wealth redistributions are a defining feature of inflation, as savers and fixed income individuals see a relative wealth reduction.

Causes and Consequences of Inflation Bagus, Philipp and Gabriel, Amadeus and Howden, David ... consumption in the present in hopes that their savings can grow to satisfy a greater future level of expenditure. Their plans are frustrated as inflation erodes the …

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