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Forecasting the Covid Surge in Inflation

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NBER2026-07-01 更新2026-07-15 收录
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The persistent surge in U.S. inflation that began in 2021 caught forecasters and policymakers by surprise. The 2021 inflation shocks were viewed as transitory, not persistent, leading to large forecast errors in late 2021 and 2022. This paper asks whether time series models using only data on

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2026-07-01
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