The impact of disasters on inflation
No 1982, Working Paper Series from European Central Bank
This paper studies how disasters aff ect consumer price inflation, one of the main remaining gaps in our understanding of the impact of disasters. There is a marked heterogeneity in the impact between advanced economies, where the impact is negligible, and developing economies, where the impact can last for several years. There are also di fferences in the impact by type of disasters, particularly when considering inflation sub-indices. Storms in- crease food price inflation in the near term, although the eff ect dissipates within a year. Floods also typically have a short-run impact on inflation. Earthquakes reduce CPI inflation excluding food, housing and energy. JEL Classification: E31, Q54
Keywords: disasters; inflation (search for similar items in EconPapers)
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Journal Article: The Impact of Disasters on Inflation (2018)
Working Paper: The impact of disasters on inflation (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20161982
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