In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers' forecasts and … surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its …'s economies. Inflation is more sensitive to domestic slack and external price pressures in emerging European economies compared to …

"Discusses how the 2008 financial crisis revealed the shortcomings of the euro and how it has caused Europe's economic …

Economic growth has tumbled across Europe, inflation remains too high, and financial sector risks have materialized …. Taming sticky inflation while avoiding financial stress and a recession will require tighter macroeconomic policies …