Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154415
Authors: 
Parker, Miles
Year of Publication: 
2016
Series/Report no.: 
ECB Working Paper 1982
Abstract: 
This paper studies how disasters aff ect consumer price inflation, one of the main remaining gaps in our understanding of the impact of disasters. There is a marked heterogeneity in the impact between advanced economies, where the impact is negligible, and developing economies, where the impact can last for several years. There are also di fferences in the impact by type of disasters, particularly when considering inflation sub-indices. Storms in- crease food price inflation in the near term, although the eff ect dissipates within a year. Floods also typically have a short-run impact on inflation. Earthquakes reduce CPI inflation excluding food, housing and energy.
Subjects: 
disasters
inflation
JEL: 
E31
Q54
Document Type: 
Working Paper

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