Where is the Euro Area headed? Restoration of price stability

A. (Tassos) Malliaris; Mary Malliaris

doi:10.1016/j.jpolmod.2023.07.008

Where is the Euro Area headed? Restoration of price stability

A. (Tassos) Malliaris, Mary Malliaris

Loyola University Chicago

Loyola University Chicago

Research output: Contribution to journal › Article › peer-review

Abstract

After the two recent global shocks of the COVID-19 Pandemic of 2019–2021 and the Russian invasion of Ukraine in February 2022, the 2023–24 economic priority for the Euro Area is the fight against inflation in the midst of global economic and financial uncertainties. We focus on Euro Area inflation, analyze its diagnostics, examine inflation expectations, review theories of inflation and evaluate monetary and fiscal policies prompted because of COVID-19. Then we explore policies of the European Central Bank to fight inflation and conclude that restoration of price stability in the Euro Area will remain its central focus during 2023 and 2024.

Original language	American English
Journal	Journal of Policy Modeling
Volume	45
Issue number	4
DOIs	https://doi.org/10.1016/j.jpolmod.2023.07.008
State	Published - Sep 16 2023

Keywords

European Economic Growth
Inflation
Monetary Policy
Global Shocks
Price Stability

Disciplines

Social and Behavioral Sciences
Economics

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10.1016/j.jpolmod.2023.07.008License: Unspecified

Cite this

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title = "Where is the Euro Area headed? Restoration of price stability",

abstract = " After the two recent global shocks of the COVID-19 Pandemic of 2019–2021 and the Russian invasion of Ukraine in February 2022, the 2023–24 economic priority for the Euro Area is the fight against inflation in the midst of global economic and financial uncertainties. We focus on Euro Area inflation, analyze its diagnostics, examine inflation expectations, review theories of inflation and evaluate monetary and fiscal policies prompted because of COVID-19. Then we explore policies of the European Central Bank to fight inflation and conclude that restoration of price stability in the Euro Area will remain its central focus during 2023 and 2024. ",

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N2 - After the two recent global shocks of the COVID-19 Pandemic of 2019–2021 and the Russian invasion of Ukraine in February 2022, the 2023–24 economic priority for the Euro Area is the fight against inflation in the midst of global economic and financial uncertainties. We focus on Euro Area inflation, analyze its diagnostics, examine inflation expectations, review theories of inflation and evaluate monetary and fiscal policies prompted because of COVID-19. Then we explore policies of the European Central Bank to fight inflation and conclude that restoration of price stability in the Euro Area will remain its central focus during 2023 and 2024.

AB - After the two recent global shocks of the COVID-19 Pandemic of 2019–2021 and the Russian invasion of Ukraine in February 2022, the 2023–24 economic priority for the Euro Area is the fight against inflation in the midst of global economic and financial uncertainties. We focus on Euro Area inflation, analyze its diagnostics, examine inflation expectations, review theories of inflation and evaluate monetary and fiscal policies prompted because of COVID-19. Then we explore policies of the European Central Bank to fight inflation and conclude that restoration of price stability in the Euro Area will remain its central focus during 2023 and 2024.

KW - European Economic Growth

KW - Inflation

KW - Monetary Policy

KW - Global Shocks

KW - Price Stability

UR - https://www.sciencedirect.com/science/article/pii/S0161893823000789?via%3Dihub

U2 - 10.1016/j.jpolmod.2023.07.008

DO - 10.1016/j.jpolmod.2023.07.008

M3 - Article

VL - 45

JO - Journal of Policy Modeling

JF - Journal of Policy Modeling

IS - 4

ER -

Where is the Euro Area headed? Restoration of price stability

Abstract

Keywords

Disciplines

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