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A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”

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  • Clarida, Richard

Abstract

This paper provides a high level review of the common sources of the post pandemic surge in global inflation and some observations about how this surge - and the conduct of monetary policy during this period - may inform us about monetary policy frameworks and execution.

Suggested Citation

  • Clarida, Richard, 2024. "A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”," Journal of Monetary Economics, Elsevier, vol. 148(S).
    • Handle: RePEc:eee:moneco:v:148:y:2024:i:s:s0304393224001107
    DOI: 10.1016/j.jmoneco.2024.103657
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    References listed on IDEAS

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    1. Olivier J. Blanchard & Ben S. Bernanke, 2023. "What Caused the US Pandemic-Era Inflation?," NBER Working Papers 31417, National Bureau of Economic Research, Inc.
    2. Hassan Afrouzi & Saroj Bhattarai & Edson Wu, 2024. "Relative-Price Changes as Aggregate Supply Shocks Revisited: Theory and Evidence," NBER Chapters, in: Inflation in the COVID Era and Beyond, National Bureau of Economic Research, Inc.
    3. Laurence Ball & Daniel Leigh & Prachi Mishra, 2022. "Understanding US Inflation during the COVID-19 Era," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 53(2 (Fall)), pages 1-80.
    4. Richard H. Clarida, 2023. "US Monetary Policy and the Return to Price Stability," NBER Working Papers 31520, National Bureau of Economic Research, Inc.
    5. Adam Hale Shapiro, 2022. "How Much Do Supply and Demand Drive Inflation?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(15), pages 1-06, June.
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