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The coronavirus crisis that started in December 2019 was declared a pandemic by March 2020 and had devastating global consequences. The spread of the virus led to the implementation of different preventive measures prior to the availability of effective vaccines. While many governments...
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Using the Federal Reserve Bank of Atlanta's Business Inflation Expectations (BIE) survey, which has been continuously …, on net, saw COVID-19 largely as a demand shock and lowered their one-year-ahead expectations. However, as the pandemic …
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pandemic were a negative supply shock, and the residual structural factors were a positive demand shock. The resulting excess … import demand contributed to the rise in domestic inflation. …
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inflation rates and a decline in economic activity. Against this economic backdrop, this paper aims to address the strained …
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