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Whereas strong demand is a key factor driving high inflation in the US, inflation in the Euro Area is mainly due to adverse external supply shocks (in Europe, energy prices are much higher due to the war in Ukraine). Standard monetary policy response to such shocks is to accommodate first-round...
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Die gute konjunkturelle Lage im Euroraum müsste die Europäische Zentralbank (EZB) dazu veranlassen, baldmöglichst aus … ihrer unkonventionellen Geldpolitik auszusteigen. Es stellt sich allerdings dabei die technische Frage, in welcher …
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