Inflation soon a consequence of the COVID-19 pandemic?
Additional information
Authors
Type
Journal Article
Year
2021
Language
English
Abstract
Although COVID-19 pandemic has so far been assumed to have recessivedeflationary consequences due to the dramatic deterioration of economic forecasts worldwide, inflation risks cannot be excluded. What effects might result from the combination of billion-high liquidity injections and high decline in production levels as well as strict (and costly) security and protection requirements? And why should the term “inflation” be separated from “rising costs of living” from a macroeconomic perspective? By means of a logical-analytical approach, the following article also describes how in terms of economic policies such inflationary scenarios might be prevented. One thing is certain too: the relationship between natural disasters and inflation has always existed. Even more, if inflationary effects are—as today—only partially recognized.
Keywords
Costs of living, COVID-19 pandemic, Inflation, Liquidity, Economic policy
Journal
List Forum für Wirtschafts- und Finanzpolitik
Volume
46
Number ( Month )
3
Pages (or article number)
359-377
Diffusion
License
CC BY
Visibility
Public
Status open access
Hybrid
