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)

Einspruch gegen Übertreibungen
Die Geldpolitik der Europäischen Zentralbank hat in der jüngeren Vergangenheit wegen des zu lange beibehaltenen expansiven Kurses Fragen aufgeworfen. Die Politik der EZB in den letzten Monaten sowie im Lichte der Ankündigungen für die nächsten Schritte wirft ...
IW
Welche Kreise am meisten von den Agrarprämien profitieren
Agrarsubventionen ist einer der größten Posten im Haushalt der Europäischen Union. Eine neue interaktive Karte des Instituts der deutschen Wirtschaft (IW) zeigt, in welchen Regionen Landwirte am meisten bekommen.
IW