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Gonzalo Paz-Pardo

Principal Economist · European Central Bank

Principal Economist in the Monetary Policy Research Division of the European Central Bank. Works on macroeconomics, monetary economics, labour and public economics, including the distributional effects of the 2021-22 inflation surge, housing, earnings risk and wealth mobility.

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Published Journal of Monetary Economics Published Nov 2024

Who bears the costs of inflation? Euro area households and the 2021-2023 shock

Filippo Pallotti · Gonzalo Paz-Pardo · Jiri Slacalek · Oreste Tristani · Giovanni L. Violante

This paper measures the heterogeneous first-order welfare effects of the 2021-2023 inflation surge across households in the four largest euro area countries (Germany, France, Italy, Spain). …

Inflation Household Finance Inequality Fiscal Policy Free Read ↗