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.
How Large Is the Risk of Stagflation in the Eurozone
Institut der deutschen Wirtschaft (IW)
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
How Large Is the Risk of Stagflation in the Eurozone
Institut der deutschen Wirtschaft (IW)
Berliner Gespräche Frühjahrstagung: Zwischen Sicherheitspolitik, Green Deal und Wettbewerbsfähigkeit – eine europapolitische Bestandsaufnahme
Das Institut der deutschen Wirtschaft möchte Sie erneut zu einer virtuellen Variante der „Berliner Gespräche” einladen.
IW
Die Zukunft Europas: Welche Prioritäten sind für die Wettbewerbsfähigkeit entscheidend?
Die Europäische Union hat ihre neue strategische Agenda für die Jahre 2024 bis 2029 veröffentlicht. IW-Direktor Michael Hüther und HRI-Präsident Bert Rürup analysieren im Handelsblatt-Podcast „Economic Challenges” die Bedeutung der Wettbewerbsfähigkeit für die ...
IW