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

Dennis Bonam; Andra Smădu

doi:10.1016/j.econlet.2021.110065

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

Dennis Bonam, Andra Smădu^*

^*Corresponding author for this work

Economics

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

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.

Original language	English
Article number	110065
Pages (from-to)	1-4
Number of pages	4
Journal	Economics Letters
Volume	208
DOIs	https://doi.org/10.1016/j.econlet.2021.110065
Publication status	Published - Nov 2021

Bibliographical note

Publisher Copyright:
© 2021 Elsevier B.V.

Keywords

Inflation
Local projections
Pandemics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2021.110065

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title = "The long-run effects of pandemics on inflation: Will this time be different?",

abstract = "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.",

keywords = "Inflation, Local projections, Pandemics",

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year = "2021",

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doi = "10.1016/j.econlet.2021.110065",

language = "English",

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KW - Local projections

KW - Pandemics

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M3 - Article

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SP - 1

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JO - Economics Letters

JF - Economics Letters

M1 - 110065

ER -

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

Abstract

Bibliographical note

Keywords

UN SDGs

Access to Document

Persistent URL (handle)

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Cite this