{"id":989,"date":"2007-04-01T15:17:38","date_gmt":"2007-04-01T12:17:38","guid":{"rendered":"http:\/\/hardouvelis.gr\/?p=989"},"modified":"2023-08-02T15:30:42","modified_gmt":"2023-08-02T12:30:42","slug":"differential-rate-inflation-poor-rich-following-introduction-euro","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/differential-rate-inflation-poor-rich-following-introduction-euro\/","title":{"rendered":"The differential rate of inflation between the poor and the rich following the introduction of the euro"},"content":{"rendered":"<p class=\"qtranxs-available-languages-message qtranxs-available-languages-message-el\">\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 <a href=\"https:\/\/hardouvelis.gr\/en\/wp-json\/wp\/v2\/posts\/989\" class=\"qtranxs-available-language-link qtranxs-available-language-link-en\" title=\"English\">English<\/a>. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.<\/p><p><strong>The differential rate of inflation between the poor and the rich following the introduction of the euro<\/strong><br \/>\nAuthors: G. Hardouvelis, O. Kosma, E. Simintzi<br \/>\n<em>Publication: Economy &amp; Markets, Eurobank Research, Issue 3, Volume 3, April 2007<\/em><\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>We utilize the Greek Statistical Agency\u2019s Household Budget Survey on 6.5 thousand households in 2004\/2005 to construct separate inflation indices for the poor (21.7% of the sample, with income below 60% of median income) and rich (29.5% of the sample with income above 140% of median income).<\/li>\n<li>Over the period 1990-2007, there is no difference in the average inflation the two groups face, although after 1\/1\/2001, in 54 months the poor faced a higher inflation than the rich, whereas in only 19 months the rich faced a higher inflation than the poor.<\/li>\n<li>Since the introduction of the euro in 1\/1\/2001, the poor face greater inflation uncertainty than the rich and this may explain their discontent with the euro.<\/li>\n<li>The divergence in the uncertainty of inflation between the rich and the poor grows larger when comparing the more extreme tails of the income distribution, the poorest 10% and the richest 10%.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/hardouvelis.gr\/wp-content\/uploads\/2017\/12\/Econ-Markets-3_2.pdf\">Download The differential rate of inflation between the poor and the rich following the introduction of the euro pdf<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 English. For the sake of viewer convenience, the content is shown below in the alternative language. You<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,9],"tags":[3252,3253],"yst_prominent_words":[1720,1721,1717,1710,478,1723,1711,1718,1719,1713,1704,1709,1716,1712,920,1715,1722,1714],"class_list":["post-989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus-and-international","category-economic-analysis","tag-applied-research","tag-efarmosmeni-ereuna"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/comments?post=989"}],"version-history":[{"count":1,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/989\/revisions"}],"predecessor-version":[{"id":991,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/989\/revisions\/991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media?parent=989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=989"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}