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The Inflation Surge of 2021–22: Scarcity of Goods and Commodities, Strong Labor Markets and Anchored Inflation Expectations

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  • Ángel Ubide

    (Citadel LLC)

Abstract

The key to understanding the series of supply shocks that have hit inflation is the nature of the COVID-19 recession.

Suggested Citation

  • Ángel Ubide, 2022. "The Inflation Surge of 2021–22: Scarcity of Goods and Commodities, Strong Labor Markets and Anchored Inflation Expectations," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(2), pages 93-98, March.
    • Handle: RePEc:spr:intere:v:57:y:2022:i:2:d:10.1007_s10272-022-1036-7
    DOI: 10.1007/s10272-022-1036-7
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    References listed on IDEAS

    as
    1. Oya Celasun & Mr. Niels-Jakob H Hansen & Ms. Aiko Mineshima & Mariano Spector & Jing Zhou, 2022. "Supply Bottlenecks: Where, Why, How Much, and What Next?," IMF Working Papers 2022/031, International Monetary Fund.
    2. Crump, Richard K. & Eusepi, Stefano & Giannoni, Marc & Şahin, Ayşegül, 2024. "The unemployment–inflation trade-off revisited: The Phillips curve in COVID times," Journal of Monetary Economics, Elsevier, vol. 145(S).
    3. David Reifschneider & David Wilcox, 2022. "The case for a cautiously optimistic outlook for US inflation," Policy Briefs PB22-3, Peterson Institute for International Economics.
    4. Angel Ubide, 2017. "The Paradox of Risk: Leaving the Monetary Policy Comfort Zone," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 7199.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    E31; E43; E52;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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