IDEAS home Printed from https://ideas.repec.org/a/kap/iecepo/v22y2025i1d10.1007_s10368-024-00650-8.html
   My bibliography  Save this article

Uncertainty and inflation: The role of COVID-19 stabilisation policies-Evidence from OECD countries

Author

Listed:
  • Nicholas Apergis

    (University of Piraeus)

  • Emmanuel Apergis

    (University of Huddersfield)

Abstract

This paper makes use of a time-varying parameter VAR (TVP-VAR) with stochastic volatility using OECD data to explore the impact of the uncertainty associated with COVID-19 stabilization shocks on inflation. The findings document that the response of inflation is primarily positive, implying that such uncertainty shocks propagate like aggregate supply shocks with the results remaining robust under alternative uncertainty shocks and inflation metrics.

Suggested Citation

  • Nicholas Apergis & Emmanuel Apergis, 2025. "Uncertainty and inflation: The role of COVID-19 stabilisation policies-Evidence from OECD countries," International Economics and Economic Policy, Springer, vol. 22(1), pages 1-9, February.
    • Handle: RePEc:kap:iecepo:v:22:y:2025:i:1:d:10.1007_s10368-024-00650-8
    DOI: 10.1007/s10368-024-00650-8
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10368-024-00650-8
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10368-024-00650-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Uncertainty shocks; Inflation; COVID-19; Stabilization policies; OECD countries;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:iecepo:v:22:y:2025:i:1:d:10.1007_s10368-024-00650-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.