POST-PANDEMIC INFLATION THROUGH 2022: CAUSES AND POLICY RESPONSES

Abstract

This research paper provides a comprehensive analysis of the causes and policy responses to the surge in global inflation observed in the post-pandemic period through 2022. It examines the interplay of demand-side factors, including unprecedented fiscal and monetary stimulus, and supply-side constraints, such as global supply chain disruptions and commodity price shocks. The paper also investigates the role of tightening labor markets. A comparative analysis of inflation trends and policy interventions across major economies, specifically the United States, the Eurozone, and the United Kingdom, highlights regional specificities in inflationary drivers and policy effectiveness. The findings underscore the complex, multi-causal nature of post-pandemic inflation and offer insights into the challenges and lessons for macroeconomic stability.