Dixon, Huw ![]() |
Official URL: https://www.economicsobservatory.com/how-does-infl...
Abstract
When central banks are keeping policy interest rates near to zero, inflation has a big impact on the economy, notably by making real interest rates negative. This redistributes from savers to borrowers – and since the government is the largest borrower, there is a substantial ‘inflation tax’.
Item Type: | Website Content |
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Date Type: | Published Online |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > HA Statistics H Social Sciences > HJ Public Finance |
Publisher: | Economics Observatory |
Date of First Compliant Deposit: | 25 November 2022 |
Last Modified: | 04 Feb 2025 10:54 |
URI: | https://orca.cardiff.ac.uk/id/eprint/154468 |
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