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The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment …, and Germany, during the coronavirus pandemic (from January 2020 to February 2022). The pandemic has had various adverse … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and …
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the inflation–unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized … recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the …
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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 in global inflation during the 2020 global recession was the most …
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This paper studies how inflation beliefs reported in the New York Fed’s Survey of Consumer Expectations have evolved … since the start of the COVID-19 pandemic. We find that household inflation expectations responded slowly and mostly at the … short-term horizon. In contrast, the data reveal immediate and unprecedented increases in individual inflation uncertainty …
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