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economic recovery. For this reason, key interest rate hikes in the eurozone are not to be expected for 2022. If the supply …
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Until the global financial crisis of 2007-08, inflation differentials in the euro area could beexplained by a general … trend towards price level convergence; that is, countries with lowerprice levels tended to have higher inflation rates than …
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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …
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There is a consensus among academics and policymakers that the excess savings built up by households during the past couple of years are specific to the pandemic. Based on data from the past half century for the US, this article shows that savings generally increase during recessions; the...
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total government revenues. This article argues that a slight rise in inflation could even liquidate German debt. …
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