sanctions on Russia, which has accentuated supply chain disruptions, especially in the energy sector. A combination of these … expansionary fiscal policy to alleviate the impact of inflation. The objective of this policy note is to examine the main … outlook for government revenues in times of high expenditure pressures from a more rapid energy transition as well as high …

does not tighten monetary policy. Imported energy inflation can spill over to wage inflation through a wage-price spiral …This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous …-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic …