Browsing The Economic and Social Review, Vol. 09, No. 2, 1978 by Subject "Cost of living indices"
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Expenditure patterns and welfare effects of inflation - estimates of a true cost-of-living index
(Economic & Social StudiesDublin, 1978)Inflation can have two principal kinds of redistributive effects. Even when relative prices are constant, the position of creditors worsens vis-a-vis that of debtors, unless the inflation is perfectly anticipated. If ...