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Federal Reserve Bank of St. Louis: 'Monetary Policy and the Great COVID-19 Price Level Shock'
March 19, 2025
ST. LOUIS, Missouri, March 19 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-004) on Feb. 14, 2025, by David Andolfatto and Fernando Martin entitled "Monetary Policy and the Great COVID-19 Price Level Shock."

Here are excerpts:

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We use an analytically tractable DSGE model to study the surge in the cost of living in the wake of the COVID-19 pandemic. A calibrated version of the model is used to ass . . .

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