新冠肺炎对欧元区GDP和通胀的影响：需求与供应扰动

IF 1.5 Q2 ECONOMICS

INTERNATIONAL ECONOMICS AND ECONOMIC POLICY Pub Date : 2021-01-01 Epub Date: 2021-09-28 DOI:10.1007/s10368-021-00516-3

Robert Kollmann

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引用次数: 0

摘要

本文采用程式化的新凯恩斯模型，分析了新冠肺炎疫情对欧元区GDP和通胀的宏观经济影响。Covid被解释为总需求和总供给干扰的结合。在面对新冠疫情时，抵消总需求和总供给变化可以解释EA通胀的稳定性。本文提供的证据表明，新冠肺炎引发的总需求和总供给变化是持续的。总供给收缩被认为是推动2020年欧洲地区GDP急剧下降的主要力量。

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Effects of Covid-19 on Euro area GDP and inflation: demand vs. supply disturbances.

This paper analyzes the macroeconomic effects of the Covid-19 epidemic on Euro Area (EA) GDP and inflation, using a stylized New Keynesian model. Covid is interpreted as a combination of aggregate demand and aggregate supply disturbances. Offsetting aggregate demand and supply changes are shown to account for the stability of EA inflation, in the face of Covid. The evidence presented here indicates that Covid-induced aggregate demand and supply shifts were persistent. An aggregate supply contraction is identified as the dominant force driving the sharp fall of EA GDP in 2020.

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来源期刊

INTERNATIONAL ECONOMICS AND ECONOMIC POLICY ECONOMICS-

CiteScore

3.50

自引率

0.00%

发文量

期刊介绍： The double-blind peer reviewed Journal International Economics and Economic Policy publishes empirical and theoretical contributions, especially papers which are relevant for economic policy. The main focus of the journal is on comparative economic policy, international political economy, including international organizations and policy cooperation, monetary and real/technological dynamics in open economies, globalization and regional integration, trade, migration, international investment, internet commerce and regulation.IEEP particularly offers contributions from the policy community and provides a forum for exchange for the academic and policy community. Officially cited as: Int Econ Econ Policy