gefühlte Inflation im Euroraum bei 4,5 %, während die offiziell gemessene Inflationsrate 1 % betrug. Das könnte daran liegen … the officially measured inflation rates. For example, according to survey results, perceived inflation in the first … quarter of 2021 in the euro area was 4.5 %, while the officially measured inflation rate was 1 %. This could be due to the …

könnten. Die Autoren des Zeitgesprächs sehen diese Gefahr nicht. Vielmehr könne ein gemäßigter Anstieg der Inflation sogar … raised the question whether such a role of the ECB must lead to higher rates of inflation. Under current recessive … macroeconomic conditions in the eurozone, the ECB’s expansionary monetary policy will not lead to higher inflation. On the contrary …

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 …

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 …

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 Geldpolitik zu verstärkter Divergenz führen. Der Autor hat die Entwicklung …

internationalen Finanzmärkten einher. Um Wachstum und Inflation wiederzubeleben, werden die Zentralbankbilanzen drastisch ausgeweitet …Historically low inflation and concerns about deflation in the large industrial countries have been accompanied by … exuberance in financial markets. To revive inflation and growth, central bank balance sheets are being inflated, but there has …