The long-run effects of pandemics on inflation: Will this time be different?()

We find that past major pandemics have led to a significant decline in trend inflation in Europe that lasts for more than a decade. The effects of the COVID-19 pandemic on trend inflation could, however, be different this time around.

Detalles Bibliográficos
Autores principales: Bonam, Dennis, Smădu, Andra
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8450057/
https://www.ncbi.nlm.nih.gov/pubmed/34566209
http://dx.doi.org/10.1016/j.econlet.2021.110065
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author Bonam, Dennis
Smădu, Andra
author_facet Bonam, Dennis
Smădu, Andra
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description We find that past major pandemics have led to a significant decline in trend inflation in Europe that lasts for more than a decade. The effects of the COVID-19 pandemic on trend inflation could, however, be different this time around.
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spelling pubmed-84500572021-09-20 The long-run effects of pandemics on inflation: Will this time be different?() Bonam, Dennis Smădu, Andra Econ Lett Article We find that past major pandemics have led to a significant decline in trend inflation in Europe that lasts for more than a decade. The effects of the COVID-19 pandemic on trend inflation could, however, be different this time around. Elsevier B.V. 2021-11 2021-09-06 /pmc/articles/PMC8450057/ /pubmed/34566209 http://dx.doi.org/10.1016/j.econlet.2021.110065 Text en © 2021 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Bonam, Dennis
Smădu, Andra
The long-run effects of pandemics on inflation: Will this time be different?()
title The long-run effects of pandemics on inflation: Will this time be different?()
title_full The long-run effects of pandemics on inflation: Will this time be different?()
title_fullStr The long-run effects of pandemics on inflation: Will this time be different?()
title_full_unstemmed The long-run effects of pandemics on inflation: Will this time be different?()
title_short The long-run effects of pandemics on inflation: Will this time be different?()
title_sort long-run effects of pandemics on inflation: will this time be different?()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8450057/
https://www.ncbi.nlm.nih.gov/pubmed/34566209
http://dx.doi.org/10.1016/j.econlet.2021.110065
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