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We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR) model. We report three main results. First, the decline...
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up with a strategy on how to best manage the economy and deal with the fallout of the public health shock, especially on …/paper looks more closely at that episode, dissecting the macroeconomic impact of the coronavirus, viewing it up close through its …
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