9:30 am EDT - 12:30 pm EDT

Past Event

The COVID-19 inflation episode: Lessons from emerging markets

Monday, April 22, 2024

9:30 am - 12:30 pm EDT

The Brookings Institution
Falk Auditorium

1775 Massachusetts Ave NW
Washington, D.C.

A summary of the papers presented at this conference is available here.

Emerging market economies, like advanced economies, suffered a strong increase in inflation at the onset of the COVID-19 pandemic, but their policymakers raised interest rates much sooner. In contrast to earlier episodes, emerging markets have proven impressively resilient.

On Monday, April 22, a conference from the Hutchins Center on Fiscal & Monetary Policy considered the recent inflation episodes in emerging markets and lessons from policymakers’ response. Three papers were presented, each with a regional focus: emerging Asia (Antonio Fatás of INSEAD), emerging Europe (Refet Gürkaynak of Bilkent University), and emerging Latin America (Juan Pablo Medina of Universidad Adolfo Ibáñez). Each presentation was followed by a discussant’s response and a moderated conversation with attendees.

Viewers asked questions of the panelists by emailing [email protected] and on X/Twitter using the hashtag #EmergingMarkets.

Registration is required to attend an event in person and guests at Brookings are required to attest to their state of health before attending. Visitors may not enter the building if they are feeling ill for any reason, have any symptoms commonly associated with COVID-19, or have tested positive for COVID-19 at any time in the preceding 5 days or longer in accordance with current CDC guidance, or have been advised by their healthcare professional or otherwise to not enter any space where some persons may not be vaccinated.