Some inflationary scenarios for the American Rescue Plan Act of 2021

Bianchi, Francesco; Fisher, Jonas D. M.; Melosi, Leonardo

doi:10.21033/cfl-2021-453

Cited by 4 publications

(4 citation statements)

References 5 publications

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“…We discuss these kinds of limits on fiscal policy in Bianchi and Melosi (2019) and provide evidence for their empirical relevance in Bianchi, Faccini, and Melosi (2022). In Bianchi, Fisher, and Melosi (2021), we show that the macroeconomic effects of the ARPA fiscal stimulus are critically affected by agents' expectations about the post-ZLB policy mix. While in this paper, we formally estimate this post-ARPA change in beliefs, in that short paper, which was written right after the implementation of the ARPA fiscal stimulus, we showed that it was hard for standard Phillips curve models to predict any significant increase in inflation unless private sector's beliefs adjust owing to the need to stabilize the growing fiscal imbalance.…”

Section: Introductionmentioning

confidence: 93%

Inflation as a Fiscal Limit

Bianchi

Melosi

2022

SSRN Journal

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Section: Introductionmentioning

confidence: 93%

Inflation as a Fiscal Limit

Bianchi

Melosi

2022

SSRN Journal

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“…Additionally, avoiding support options such as stimulus checks removes disposable personal income, which feeds inflation for a postpandemic situation. [39][40][41] Reopening all businesses and getting back to a pre-pandemic economy helps to balance demand and supply, where imbalances are likely to increase inflation. [6][7][8]31 This study has some limitations.…”

Section: Discussion and Limitationsmentioning

confidence: 99%

“…39 For instance, Jorda et al 39 found that government stimulus checks distributed to households during the pandemic contributed to a higher inflation rate in the USA. Additionally, Barnichon et al 40 and Bianchi et al 41 have conducted research, showing the effects of COVID-19 pandemic on inflation.…”

Section: Inflation-vaccine Theorymentioning

confidence: 99%

Health-Economic Determinants of COVID-19 Pandemic and Countries’ Efficiency

Ahangar,

Prybutok

2023

EMJ

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This study examines the relationship between vaccination and inflation in battling the COVID-19 pandemic across nations. Data from 85 countries worldwide were collected from the Trading Economics (New York City, USA) website during the COVID-19 pandemic. First, a new theoretical model was proposed based on the economic and healthcare literature; then, a binary variable, inflation/vaccination% was developed according to the proposed theoretical model. The relationship between inflation/vaccination% and macroeconomic factors was examined using logistic regression. After that, the countries were ranked by minimising the inflation/vaccination% rate that measures a country’s efficiency in fighting the COVID-19 pandemic, thereby permitting governments to compare the performance of different countries. The findings show that a country with a higher gross domestic product growth rate and competitiveness index during the COVID-19 pandemic has a lower inflation/vaccination% ratio. The results of this study provide strong evidence that countries should mitigate a pandemic’s economic impact by managing vaccination programmes to control global inflation.

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“…Nevertheless, global supply chain distortions persist, and continuous waves of COVID-19 infections continue to disrupt service-oriented industries. There are many reasons to expect Inflation to be higher than usual (Barnichon, Oliveira, & Shapiro, 2021). In this Economic Letter, the authors have widened the recent analysis with an international comparison.…”

Section: Comparing Inflation In the Usa And Other Countries According...mentioning

confidence: 98%

Coronavirus Disease (COVID-19) Pandemic and Global Economic Circumstance

Mehrad

Zangeneh²

2023

JSSR

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This research investigates the influence of the Coronavirus Disease (COVID-19) Pandemic event on the evolution of global economic circumstances, particularly among developed countries, including the United States. The research findings showed that COVID-19 has a widespread impact on inflation expectations and individuals' lifestyles and social life remarkably. These findings have consequences for actual activity, whereas careful monitoring of inflation expectations may indicate inflation anticipations un-anchoring dangers. According to these outcomes, providing a comfortable situation for finding the right job and managing life in the individual and social part by governments or any in charge organizations or workplaces is sincerely recommended. Additionally, taking care of individuals' mental health and treating suffering individuals must be considered.

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Some inflationary scenarios for the American Rescue Plan Act of 2021

Cited by 4 publications

References 5 publications

Inflation as a Fiscal Limit

Inflation as a Fiscal Limit

Health-Economic Determinants of COVID-19 Pandemic and Countries’ Efficiency

Coronavirus Disease (COVID-19) Pandemic and Global Economic Circumstance

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