The long-run effects of pandemics on inflation: Will this time be different?
Sign Up to like & getrecommendations! 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,… read more here.
Keywords: effects pandemics; time; pandemics inflation; run effects ... See more keywords
On estimating long-run effects in models with lagged dependent variables
Sign Up to like & getrecommendations! Published in 2017 at "Economic Modelling"
DOI: 10.1016/j.econmod.2017.04.006
Abstract: This note points out the hazards of estimating long-run effects from models with lagged dependent variables. We use Monte Carlo experiments to demonstrate that this practice often fails to produce reliable estimates. Biases can be… read more here.
Keywords: lagged dependent; estimating long; run effects; effects models ... See more keywords