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The Political and Technical Aspects of Controlling Inflation

Gros, Daniel - In: Intereconomics 58 (2023) 3, pp. 133-135

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. Price pressures are now increasingly broadening to...

Persistent link: https://www.econbiz.de/10014334696

Reversing the Great Monetary Expansion

Angeloni, Ignazio - In: Intereconomics 58 (2023) 3, pp. 142-147

Persistent link: https://www.econbiz.de/10014334698

Gut geschlagen: Geldpolitik der EZB in der Finanzmarktkrise

Bley, Andreas - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 66-82

Die EZB hat während der Finanzkrise insgesamt die richtigen Entscheidungen getroffen. Das moderne und flexible geldpolitische Instrumentarium musste im Verlauf der Krise nur wenig angepasst werden, um die Banken ausreichend mit Liquidität zu versorgen. Die Zinspolitik stand bis zum Sommer 2008...

Persistent link: https://www.econbiz.de/10010377870

The methodology for assessing interest-rate policy rules: a reply

Smithin, John - In: European Journal of Economics and Economic Policies: … 18 (2021) 3, pp. 286-292

This note is a brief reply to , who has been critical of the conceptual foundations and methodology in a discussion of the impact of different interest rate policy rules on inflation in . The reply concludes that the case for a 'zero real policy rate of interest' (ZRPR), rather than a 'zero...

Persistent link: https://www.econbiz.de/10014363425

Die EZB-Geldpolitik in der Zwickmühle

Bernoth, Kerstin; Fratzscher, Marcel - In: Wirtschaftsdienst 102 (2022) 6, pp. 423-425

It seems clear that the ECB will raise interest rates in July 2022 and end its asset purchase program. This should send a strong and important signal to markets and economic players that the ECB continues to take its mandate for price stability seriously. However, it cannot be said with absolute...

Persistent link: https://www.econbiz.de/10013343124

Die EZB muss die Inflation glaubwürdiger bekämpfen

Horst, Maximilian; Stempel, Daniel; Neyer, Ulrike - In: Wirtschaftsdienst 102 (2022) 6, pp. 426-429

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...

Persistent link: https://www.econbiz.de/10013343125

Inflationsgefahr im Euroraum – wie gelingt eine sanfte Landung?

Illing, Gerhard - In: Wirtschaftsdienst 102 (2022) 6, pp. 430-433

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...

Persistent link: https://www.econbiz.de/10013343126

Mehr Mut zu grüner Geldpolitik

Schrooten, Mechthild - In: Wirtschaftsdienst 102 (2022) 6, pp. 442-444

Monetary policy currently has only limited room for manoeuvre to fight inflation. Structural supply problems, war and past omissions are having an impact. Inflation is hitting those hardest who cannot pass on the price increase. There is no evidence of a wage-price spiral in Germany at present....

Persistent link: https://www.econbiz.de/10013343137

Geldpolitik: Die Sorge vor Stagflation wächst

Treptow, Thomas - In: Wirtschaftsdienst 102 (2022) 7, pp. 502

Persistent link: https://www.econbiz.de/10013343151

Einspruch gegen Übertreibungen

Hüther, Michael - In: Wirtschaftsdienst 103 (2023) 2, pp. 102-104

In der Geldpolitik der Europäischen Zentralbank scheinen die Tauben durch Falken abgelöst worden zu sein. Dabei ist … eine zu restriktive Geldpolitik eine Gefahr für die europäische Realwirtschaft und eine durch zu hohe Leitzinsen … begünstigte Rezession möglichst zu vermeiden. Eine stark restriktiv ausgerichtete Geldpolitik wirkt zum jetzigen Zeitpunkt …

Persistent link: https://www.econbiz.de/10014289960