How Long to Read The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection
By Chikako Baba
How Long Does it Take to Read The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection?
It takes the average reader and 25 minutes to read The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection by Chikako Baba
Assuming a reading speed of 250 words per minute. Learn more
Description
In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers’ forecasts and surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its variation across countries. The analysis highlights significant differences in Phillips curve parameters across Europe’s economies. Inflation is more sensitive to domestic slack and external price pressures in emerging European economies compared to their advanced counterparts, which contributed to a greater passthrough of global commodity price shocks into domestic prices, and, consequently, to larger increases in inflation rates. Across Europe, inflation also appears to have become increasingly backward looking and more sensitive to commodity price shocks since the onset of the COVID-19 pandemic. This finding helps explain why conventional (Phillips curve) inflation models consistently underpredicted the 2021-2022 inflation surge, although it remains too early to conclude there has been a structural break in the inflation process.
How long is The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection?
The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection by Chikako Baba is 25 pages long, and a total of 6,375 words.
This makes it 8% the length of the average book. It also has 8% more words than the average book.
How Long Does it Take to Read The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 34 minutes to read The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection aloud.
What Reading Level is The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection?
The 2020-2022 Inflation Surge Across Europe: A Phillips-Curve-Based Dissection is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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