Template-Type: ReDIF-Paper 1.0
Author-Name: Ryan Niladri Banerjee
Author-X-Name-First: Ryan
Author-X-Name-Last: Banerjee
Author-Name: Aaron Mehrotra
Author-X-Name-First: Aaron
Author-X-Name-Last: Mehrotra
Author-Name: Fabrizio Zampolli
Author-X-Name-First: Fabrizio
Author-X-Name-Last: Zampolli
Title: Inflation at risk from Covid-19
Abstract: The pandemic has increased downside tail risks in advanced economies (AEs), while it has increased both downside and upside tail risks in emerging market economies (EMEs). The collapse in output and oil prices, on balance, increases downside inflation risks. Recent exchange rate depreciations increase upside risks to inflation in EMEs. Tighter financial conditions raise both downside and upside risks. In AEs, the increase in downside risks is more prominent.
Length: 9 pages
Creation-Date: 2020-07-23
File-URL: https://www.bis.org/publ/bisbull28.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull28.htm
File-Format: text/html
Number: 28
Handle: RePEc:bis:bisblt:28