Arbeitspapier
Sources of post-pandemic inflation in Germany and the euro area: An application of Bernanke and Blanchard (2023)
We use a simple macroeconomic model proposed by Bernanke and Blanchard (2023) to investigate the reasons for the recent sharp rise in inflation. Applied to Germany and the euro area, the model suggests that the surge in inflation has mainly been caused by commodity price shocks and supply bottlenecks, rather than shortages in the labour market. Inflation expectations were found to be well-anchored and evidence for a wage-price spiral is scarce. The model predicts a gradual decline in future inflation rates. However, this prediction is based on the assumption that there will be no commodity price shocks and that the labour market will cool down.
- Sprache
-
Englisch
- Erschienen in
-
Series: Technical Paper ; No. 02/2024
- Klassifikation
-
Wirtschaft
Expectations; Speculations
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
- Thema
-
Inflation
wages
inflation expectations
Phillips curve
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Menz, Jan-Oliver
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2024
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Menz, Jan-Oliver
- Deutsche Bundesbank
Entstanden
- 2024
Ähnliche Objekte (12)
Sources of post-pandemic inflation in Germany and the euro area : an application of Bernanke and Blanchard (2023)
Pandemic-Era Inflation Drivers and Global Spillovers
Pandemic-era inflation drivers and global spillovers
Sources of bias in inflation rates and implications for inflation dynamics
Inflation in Bangladesh: Trends, Sources and Policy Options
Inflation Expectations, Inflation Target Credibility, and the COVID‐19 Pandemic: Evidence from Germany
Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies
Blanchard
Blanchard
Blanchard
Inflation expectations, inflation target credibility and the COVID-19 pandemic: New evidence from Germany
Inflation expectations, inflation target credibility and the COVID-19 pandemic: New evidence from Germany
Sources of post-pandemic inflation in Germany and the euro area : an application of Bernanke and Blanchard (2023)
Pandemic-Era Inflation Drivers and Global Spillovers
Pandemic-era inflation drivers and global spillovers
Sources of bias in inflation rates and implications for inflation dynamics
Inflation in Bangladesh: Trends, Sources and Policy Options
Inflation Expectations, Inflation Target Credibility, and the COVID‐19 Pandemic: Evidence from Germany
Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies
Blanchard
Blanchard
Blanchard
Inflation expectations, inflation target credibility and the COVID-19 pandemic: New evidence from Germany
Inflation expectations, inflation target credibility and the COVID-19 pandemic: New evidence from Germany
Sources of post-pandemic inflation in Germany and the euro area : an application of Bernanke and Blanchard (2023)
Pandemic-Era Inflation Drivers and Global Spillovers
Pandemic-era inflation drivers and global spillovers
Sources of bias in inflation rates and implications for inflation dynamics
Inflation in Bangladesh: Trends, Sources and Policy Options
Inflation Expectations, Inflation Target Credibility, and the COVID‐19 Pandemic: Evidence from Germany
Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies
Blanchard
Blanchard
Blanchard
Inflation expectations, inflation target credibility and the COVID-19 pandemic: New evidence from Germany