The euro area pandemic inflation

What caused the euro area post-pandemic inflation?

Amid the current high inflation and the disruptions created by the coronavirus (COVID-19) pandemic, Bernanke and Blanchard (2023) have proposed an estimated ...

The unequal impact of the 2021-22 inflation surge on euro area ...

In the euro area, inflation reached a peak of 10.6% in October 2022. The increase was marked and unexpected, and energy and food prices were its ...

The inflation surge in Europe | PIIE

For most of the decade before the COVID-19 pandemic, undershooting rather than overshooting had been the main inflation problem of the ...

The euro area pandemic inflation: A tale of supply chains ... - CEPR

This column discusses how this post-pandemic inflationary episode, initially confined to products affected by supply-chain bottlenecks, generalised into a ...

The drivers of post-pandemic inflation - CEPR

It is well known that the covid recession was more severe in the euro area than in the US, and the recovery slower. However, the behaviour of ...

Who's to blame for the euro area pandemic inflation? The answer is ...

As the eurozone continues to see inflation rates of 2.6% — down from 10.1% in November 2022 but still higher than pre-pandemic times — perhaps ...

Euro area inflation shaped by two years of COVID-19 pandemic

In line with many key economic indicators, inflation has been very volatile, falling to multi-year lows following the outbreak of the pandemic, before ...

Post-COVID inflation in Emerging Europe - Brookings Institution

More On ... Inflation increased considerably in most countries in the immediate aftermath of the COVID pandemic and, by the end of 2023, has ...

Sources of post-pandemic inflation in Germany and the euro area

In the fourth quarter of 2019, on the eve of the COVID-19 pandemic, the German inflation rate was 1.2%, slightly below its pre-pandemic average ...

The euro area's pandemic recession: A DSGE-based interpretation

The constraint binds in every period, except during COVID-19, where even these households accumulate 'forced savings' that will be spent gradually upon exit ...

The Drivers of Post-Pandemic Inflation | NBER

Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not only in the United States, but also in the Euro Area.

Euro Area Inflation after the Pandemic and Energy Shock

“The Role of Import. Prices, Profits and Wages in the Current Inflation Episode in the Euro Area” IMF Working Paper 23/131,. International Monetary Fund, ...

Euro area inflation in the era of COVID‐19: A permanent or a ...

If the inflation rate is nonstationary, then shocks carry a permanent effect, and a high cost for disinflation policies. In contrast, if it is ...

What caused the euro area post-pandemic inflation? An application ...

The model shows that the main drivers of inflation in the euro area have been supply-side shocks, with a more limited role for demand shocks as ...

What Caused the Euro Area Post-Pandemic Inflation?

This paper applies the semi-structural model proposed by Bernanke and Blanchard (2023) to analyse wage growth, price inflation and inflation expectations in ...

Euro area inflation in the era of COVID‐19 - Wiley Online Library

The findings document that euro area inflation follows a mean non-reverting process, with most of its components following a similar pattern.

Analyse - The Euro Area Great Inflation Surge

By considering three phases of the pandemic (the covid shock (phase I), the re- opening of the economy (phase II), and the post re-opening ( ...

What caused the euro area post-pandemic inflation? - IDEAS/RePEc

Arce, Óscar & Ciccarelli, Matteo & Montes-Galdón, Carlos & Kornprobst, Antoine, 2024. "What caused the euro area post-pandemic inflation?," Occasional Paper ...

Euro Area Inflation after the Pandemic and Energy Shock

We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area inflation.

Policy Brief 24-2: The inflation surge in Europe

For most of the decade before the COVID-19 pandemic, undershooting rather than overshooting had been the main inflation problem of the European Central Bank. ( ...