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Inflation in a country with a currency board is usually believed to be highly dependent on external factors. Important … questions for understanding the dynamics of inflation are (i) how best to measure these factors and (ii) how to model the … foreign inflation does not adequately capture external influences on inflation in Hong Kong. Second, the paper shows that …
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We evaluate the 1968 H3N2 Flu pandemic’s economic cost in a cross-section of 52 countries. Using excess mortality rates as a proxy for the country-specific severity of the pandemic, we find that the average mortality rate (0.0062% per pandemic wave) was associated with declines in consumption...
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