Artikel
How Large Is the Risk of Stagflation in the Eurozone?
The rapid recovery of demand combined with supply constraints has led to rising prices during the past months. This is evident in oil and gas markets, but also in international trade, which has been thrown out of step by bottlenecks at Asian ports. This situation creates a trade-off for the European Central Bank, because a more expansionary monetary policy cannot mitigate the supply bottlenecks and supply-side restrictions, while a more restrictive monetary policy would slow down the economic recovery. For this reason, key interest rate hikes in the eurozone are not to be expected for 2022. If the supply-side factors become persistent and wage policy tries to pass the price effects on, monetary policy will be forced to become restrictive.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 57 ; Year: 2022 ; Issue: 1 ; Pages: 34-39 ; Heidelberg: Springer
- Classification
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Price Level; Inflation; Deflation
- Subject
-
Stagflation
Eurozone
- Event
-
Geistige Schöpfung
- (who)
-
Demary, Markus
Hüther, Michael
- Event
-
Veröffentlichung
- (who)
-
Springer
- (where)
-
Heidelberg
- (when)
-
2022
- DOI
-
doi:10.1007/s10272-022-1025-x
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Demary, Markus
- Hüther, Michael
- Springer
Time of origin
- 2022
Other Objects (12)
IW monetary outlook December 2015: Weak credit growth hinders eurozone inflation to increase
IW Monetary Outlook: ECB at the Crossroads
IW Monetary Outlook: ECB Might Overshoot the Inflation Target
ECB strategy review - The new pillars: Communication and climate change
IW Monetary Outlook: The Contribution of Supply and Demand Factors to Low Inflation
Einlagensicherung: Den Wettbewerb um den sichersten Einlagenvertrag nicht bremsen
When low interest rates cause low inflation
Gefährden die unkonventionellen Maßnahmen der EZB den Ausstieg aus dem Niedrigzinsumfeld?
IW monetary outlook October 2015. Low inflation: A challenge for central banks
IW-Zinsausblick Oktober 2015. Niedriginflation: Eine Herausforderung für Zentralbanken
IW Zinsausblick Mai 2016: Divergierende Geldpolitik durch divergierende Reformbemühungen
IW-Zinsausblick: Zinserhöhungen sinnvoll – aber unwahrscheinlich
IW monetary outlook December 2015: Weak credit growth hinders eurozone inflation to increase
IW Monetary Outlook: ECB at the Crossroads
IW Monetary Outlook: ECB Might Overshoot the Inflation Target
ECB strategy review - The new pillars: Communication and climate change
IW Monetary Outlook: The Contribution of Supply and Demand Factors to Low Inflation
Einlagensicherung: Den Wettbewerb um den sichersten Einlagenvertrag nicht bremsen
When low interest rates cause low inflation
Gefährden die unkonventionellen Maßnahmen der EZB den Ausstieg aus dem Niedrigzinsumfeld?
IW monetary outlook October 2015. Low inflation: A challenge for central banks
IW-Zinsausblick Oktober 2015. Niedriginflation: Eine Herausforderung für Zentralbanken
IW Zinsausblick Mai 2016: Divergierende Geldpolitik durch divergierende Reformbemühungen
IW-Zinsausblick: Zinserhöhungen sinnvoll – aber unwahrscheinlich
IW monetary outlook December 2015: Weak credit growth hinders eurozone inflation to increase
IW Monetary Outlook: ECB at the Crossroads
IW Monetary Outlook: ECB Might Overshoot the Inflation Target
ECB strategy review - The new pillars: Communication and climate change
IW Monetary Outlook: The Contribution of Supply and Demand Factors to Low Inflation
Einlagensicherung: Den Wettbewerb um den sichersten Einlagenvertrag nicht bremsen
When low interest rates cause low inflation
Gefährden die unkonventionellen Maßnahmen der EZB den Ausstieg aus dem Niedrigzinsumfeld?
IW monetary outlook October 2015. Low inflation: A challenge for central banks
IW-Zinsausblick Oktober 2015. Niedriginflation: Eine Herausforderung für Zentralbanken
IW Zinsausblick Mai 2016: Divergierende Geldpolitik durch divergierende Reformbemühungen