Bonam, Dennis (ed.); Ciccarelli, Matteo (ed.); … - 2024
In the low inflation and low interest rate environment that prevailed over the period 2013-2020, many argued that … besides expansionary monetary policy, expansionary fiscal policy could also support central banks' efforts to bring inflation … macroeconomic recovery. Since the end of 2021 an environment of higher inflation, lower growth, higher uncertainty, and higher …