Challenges for global monetary policy in an environment of high inflation: the case of the euro area

Oscar Arce
Gerrit Koester
Beatrice Pierluigi
Resumen

La zona euro ha sido especialmente vulnerable a los choques derivados de la pandemia y la guerra, lo que ha contribuido en gran medida a una inflación récord. Esto requirió una reacción rápida y decisiva de la política monetaria. El curso futuro de la política monetaria dependerá también de cómo estos choques, junto con la respuesta de las políticas fiscal y estructural, afectarán a las perspectivas económicas y de inflación.

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Palabras clave:
pandemia, crisis energética, inflación, política monetaria, zona euro
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