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inflation in Europe will rise significantly and that the economy will suffers from a loss of purchasing power. The pressure on …
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The slight slowdown of consumer price inflation in Germany in November does not yet constitute the beginning of lower … inflation rates. Even though energy prices are dragging inflation, producer prices have drastically increased in the past year …. Our estimates indicate that inflation rates will remain close to current levels until the end of 2023 and decrease only in …
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officially measured inflation rates and highlights the weaknesses of the ECB's envisioned approach. …
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Inflation rates in the euro area have reached historic highs due in large part to high energy prices. As the euro area … is a net importer of energy, one refers to this inflation as imported inflation. There is a danger that these high … inflation rates will become entrenched in inflation expectations. This would not only imply that high inflation rates will …
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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 … prevent second-round effects. Long run inflation expectations — as measured by the survey of professional forecasters — still … seem to be well anchored. The ECB's announced tightening intends to dampen rising household's inflation expectations. Given …
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Innerhalb einer Währungsunion ist eine souveräne nationale Geldpolitik nicht möglich. Solange die einzelnen Länder sich in verschiedenen ökonomischen Situationen befi nden, wirkt sich auch die gemeinsame Geldpolitik unterschiedlich aus. Sind die Länder zu heterogen, kann die gemeinsame...
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