Where is the Euro Area headed? Restoration of price stability

IF 3.5 2区经济学 Q1 ECONOMICS

Journal of Policy Modeling Pub Date : 2023-07-01 DOI:10.1016/j.jpolmod.2023.07.008

Anastasios G. Malliaris , Mary E. Malliaris

引用次数: 0

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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欧元区将走向何方？恢复价格稳定

在经历了2019-2021年COVID-19大流行和2022年2月俄罗斯入侵乌克兰这两大全球冲击之后，欧元区2023-24年的经济优先事项是在全球经济和金融不确定的情况下抗击通货膨胀。我们关注欧元区通胀，分析其诊断，审视通胀预期，回顾通胀理论，并评估新冠肺炎引发的货币和财政政策。然后，我们探讨了欧洲央行对抗通胀的政策，并得出结论，在2023年和2024年，恢复欧元区的价格稳定仍将是其核心重点。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Policy Modeling ECONOMICS-

CiteScore

6.20

自引率

11.40%

发文量

期刊介绍： The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.