Scholarlink

<p>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.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

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

  • 期刊论文

  • 发表日期：

    2025年1月6日

查看全文
  • Nicholas Apergis,
  • Emmanuel Apergis

摘要

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.