The recent inflation surge in the euro area resembles an age-dependent tax, with the elderly losing up to 20%, and roughly half of 25–44 year-olds winning from it, from Filippo Pallotti, Gonzalo Paz-Pardo, Jiri Slacalek, Oreste Tristani, and Gianluca Violante nber.org/papers/w31896

🧵New Working Paper by Filippo Pallotti, J. Slacalek, O. Tristani, Gonzalo Paz-Pardo and Gianluca Violante: “Who bears the costs of inflation? Euro area households and the 2021-2022 shock” ecb.europa.eu/pub/pdf/scpwps… 1/5

Can’t recommend this enough - a turning point in my PhD! Michele, Oreste and the whole team is fantastic (and the vibe is just amazing). Spread the word further if u know sb interested (I’m new to Twitter 😊) - and feel free to reach out!

Our paper on the heterogeneous costs inflation in the Euro Area was covered by Marginal Revolution in his blog and in a Bloomberg column marginalrevolution.com/marginalrevolu…

. Filippo Pallotti, Gonzalo Paz-Pardo, Slacalek, Tristani, and Gianluca Violante measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. bit.ly/3t88tc4

We'll be presenting our work on the heterogeneous costs of inflation with Filippo Pallotti & Gianluca Violante in this great conference later today (2.15pm EST)👇 Livestream will be available! Looking forward to it