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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. Richard H. Clarida, 2023. "US Monetary Policy and the Return to Price Stability," NBER Working Papers 31520, 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. Ben Bernanke & Olivier J Blanchard, 2023. "What caused the US pandemic-era inflation?," Working Paper Series WP23-4, Peterson Institute for International Economics.
    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.
    Full references (including those not matched with items on IDEAS)

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