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Future imperfect after coronavirus

Goodhart, C. A. E. and Pradhan, Manoj (2020) Future imperfect after coronavirus. VoxEU (27 Mar 2020). Blog Entry.

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Abstract

The authorities, like most of the rest of us, have been caught short by the sudden advent of the coronavirus pandemic, and are rightly rushing to limit unnecessary deaths. But in doing so, they are imposing a massive supply shock. This column asks what will happen when the lockdown gets lifted and recovery ensues, following this period of massive fiscal and monetary expansion. It argues that we will see a surge in inflation that can only be tackled once indebtedness has been restored to viable levels.

Item Type: Online resource (Blog Entry)
Official URL: https://voxeu.org/
Additional Information: © 2020 The Author(s)
Divisions: Financial Markets Group
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
Date Deposited: 04 Jun 2020 09:39
Last Modified: 01 Oct 2020 23:19
URI: http://eprints.lse.ac.uk/id/eprint/104724

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