Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324099 
Year of Publication: 
2024
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 77 [Issue:] 308 [Year:] 2024 [Pages:] 3-22
Publisher: 
Associazione Economia civile, Rome
Abstract: 
This paper investigates the drivers of inflation in 34 Organization for Economic Cooperation and Development countries from the first quarter of 2020 to the fourth quarter of 2022. Using an amplified price equation and two different panel data econometric techniques, we assess the impact of seven key variables on the price level. In this context, unit labor costs are a major source of price instability, whereas massive cash transfers generate demand-pull inflation. Moreover, higher financial costs are potentially inflationary, debt/contract relief policies are deflationary, and pandemic-related variables deliver mixed effects on prices. These findings have clear-cut policy implications.
Subjects: 
COVID-19 pandemic
inflation
OECD countries
panel data models
JEL: 
C33
E12
E31
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.