What can keep euro area inflation high?

IF 4.5 3区经济学 Q1 ECONOMICS

Economic Policy Pub Date : 2023-11-14 DOI:10.1093/epolic/eiad029

Ricardo Reis

引用次数: 0

Abstract

Abstract A central bank that faces inflation above target may fail to bring it down. This article discusses six ways in which this happens because the central bank is dominated by: misjudgment, expectations, fiscal policy, financial markets, recession fears, or external forces. It applies this approach to the challenge facing the ECB in 2023-24. The hope is that the factors identified can serve as warning signs for what to avoid.

查看原文本刊更多论文

是什么让欧元区通胀居高不下?

面对高于目标的通胀，央行可能无法将其降低。这篇文章讨论了这种情况发生的六种方式，因为央行受到以下因素的支配:误判、预期、财政政策、金融市场、对衰退的担忧或外部力量。它将这种方法应用于2023- 2024年欧洲央行面临的挑战。研究人员希望，这些确定的因素可以作为警告信号，提醒人们应该避免哪些因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Economic Policy ECONOMICS-

CiteScore

4.80

自引率

0.00%

发文量

期刊介绍： Economic Policy provides timely and authoritative analyses of the choices confronting policymakers. The subject matter ranges from the study of how individual markets can and should work to the broadest interactions in the world economy. Economic Policy features: Analysis of key issues as they emerge Views of top international economists Frontier thinking without technical jargon Wide-reaching coverage of worldwide policy debate