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Published in 2021 at "Economics Letters"
DOI: 10.1016/j.econlet.2021.110065
Abstract: We find that past major pandemics have led to a significant decline in trend inflation in Europe that lasts for more than a decade. The effects of the COVID-19 pandemic on trend inflation could, however,…
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Keywords:
effects pandemics;
time;
pandemics inflation;
run effects ... See more keywords