What history tells us about pandemics' impact on inflation
How did past major pandemics affect inflation dynamics? This column estimates the long-run effects of pandemics on trend inflation in Europe using historical data since the 14th century. ...
Dennis Bonam is an economist at the Economic Policy and Research Division of De Nederlandsche Bank (Dutch Central Bank). He is also a lecturer at the Vrije Universiteit Amsterdam, School of Business and Economics, where he teaches Macroeconomics I (BSc) and Advanced Macroeconomics (MSc). His research covers topics on macroeconomics, with a particular focus on monetary-fiscal policy interactions. He obtained his PhD in Economics from Vrije Universiteit Amsterdam in 2016.