Botelho, Vasco; Foroni, Claudia; Renzetti, Andrea - 2023
Crisis and the COVID-19 pandemic. We take advantage of the multivariate nature of our parametric model to measure stagflation …. We find an increasing risk of stagflation for the euro area in 2022 while in the United States stagflation risk increased … earlier in 2021 and started decreasing more recently. Notwithstanding the significantly high levels of inflation, stagflation …