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

Dennis Bonam and Andra Smădu

Economics Letters, 2021, vol. 208, issue C

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: Pandemics; Inflation; Local projections (search for similar items in EconPapers)
JEL-codes: E31 I10 N10 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:208:y:2021:i:c:s0165176521003426

DOI: 10.1016/j.econlet.2021.110065

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