The Macro-Economic Impact of the Cost Crisis : Lessons for Europe Anna Kolesnichenko [Recurso electrónico]
Tipo de material:
TextoSeries Policy BriefDetalles de publicación: Brussels, Belgium : Foundation for European Progressive Studies (FEPS) in partnership with Friedrich Ebert Stiftung , 2023Descripción: 20 pTema(s): Recursos en línea: Resumen: The surge of inflation in 2021-22 has become a major test for macroeconomic policies. Policy response has not always been adequate. This is partially due to insufficient understanding of the causes of inflation, but also rigidities on the part of policymakers, who have stuck to the usual tools of demand management to treat inflation shock, even though it was triggered by supplyside factors. This experience points to the need to revise the ways we are dealing with inflation. One set of proposals is about the techniques of monetary policy itself, including data and modelling issues. The second set is about policy mix and coordination in dealing with inflation, bringing fiscal and other policies on board.
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| Biblioteca Central del Ministerio de la Presidencia Recurso electrónico | En línea | No para préstamo |
November 2023
Bibliografía: p. 17
The surge of inflation in 2021-22 has become a major test for macroeconomic policies. Policy response has not always been adequate. This is partially due to insufficient understanding of the causes of inflation, but also rigidities on the part of policymakers, who have stuck to the usual tools of demand management to treat inflation shock, even though it was triggered by supplyside factors. This experience points to the need to revise the ways we are dealing with inflation. One set of proposals is about the techniques of monetary policy itself, including data and modelling issues. The second set is about policy mix and coordination in dealing with inflation, bringing fiscal and other policies on board.
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