Climate Change and Inflation Targeting Frameworks
14 April 2025 | 18.00 CET | Online | Co-hosted with E-axes Forum Monetary,
Webinar | Tags:
Central Banks,
Climate Risks,
Financial Stability,
Inflation How can monetary policy adapt in a world where negative supply shocks caused by climate change as well as the introduction of carbon taxes may intensify persistent inflationary pressures?.
... continue reading
Trade and Consumer Prices: The Role of Competitive Transport, Communication, and Distribution Services
Hildegunn Kyvik Nordås | 21 December 2021
Trade,
Blog | Tags:
Competition,
Inflation,
Services Trade,
Transport The recent spike in consumer price inflation has amply demonstrated that transport, logistics and distribution play a major role in bringing goods from producers to consumers in a timely and cost-effective manner. Conversely, when choke points in the logistics supply chain arise, prices skyrocket (Figure
... continue reading
Argentina. A Short Blanket for the Coronavirus Long Night
Agustin Redonda and
José Siaba Serrate | 3 April 2020
Fiscal,
Monetary,
Blog | Tags:
Central Banks,
Covid-19,
Fiscal Space,
Health,
Inflation,
Informality The coronavirus has arrived, and Argentina has played its cards. First life, then the economy.
While it is non-debatable that the consequences of the pandemic will be enormous throughout the world, the magnitude of the impact is still uncertain. Argentina is a special case on three
... continue reading
Green Money Without Inflation
Paul De Grauwe | 7 March 2019
Monetary,
Blog | Tags:
Environment,
European Central Bank,
Inflation,
Quantitative Easing To what extent can the money created by the central bank be used to finance investments in the environment? This is a question that is often asked today. The green activists respond with enthusiasm that the central bank, and in particular the European Central Bank
... continue reading
Monetary Policy and the Redistribution Channel
Adrien Auclert | 28 June 2017
Monetary,
Research Papers | Tags:
Income Inequality,
Inflation,
Interest Rates This paper evaluates the role of redistribution in the transmission mechanism of monetary policy to consumption. Three channels affect aggregate spending when winners and losers have different marginal propensities to consume: an earnings heterogeneity channel from unequal income gains, a Fisher channel from unexpected inflation,
... continue reading
Looking for a Way out the Subsidies Labyrinth in Argentina
Lucio Castro | 16 October 2015
Fiscal,
Monetary,
Blog | Tags:
Energy,
Inflation,
Subsidies In the midst of a heated electoral campaign, subsidies are at the centre of the political debate in Argentina. Shock or gradual approaches to reform those transfers have emerged as the buzzwords of the moment as the presidential race heats up.
... continue reading
Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
Klaus Adam and
Junyi Zhu | 17 September 2015
Monetary,
Research Papers | Tags:
Inequality,
Inflation We document the presence of sizable nominal wealth redistribution effects from unexpected price level movements in the Euro Area (EA), using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net loser of unexpected
... continue reading
Monetary Policy and the Distribution of Income and Wealth
September 11-12, 2015 Monetary,
Workshops | Tags:
Inequality,
Inflation,
QE There has been intense focus recently on inequality in income and wealth across and within countries. Both developed and developing countries have experienced a marked increase in the gap between high and low income households, as well as an increase in the concentration of income
... continue reading