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AUC Fundamentals of Macroeconomics

How does the way the EU/Euro Area is set up influence the fight against inflation?

Samstag, 30. Dezember 2023 · 18 min

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Shownotes

In this podcast we discuss inflation in the euro-zone and how best to tackle this. As the stability of the economies and with that inflation rates differ profusely within the euro-zone it can be difficult to tackle inflation in all the countries at once. We dive deeper into the monetary policy set by the European Bank and how member states can back this up by using fiscal policy, particularly in cases when the inflation rate is higher than in other countries within the euro-zone.
For more information on relevance in the news see the following sources:
ecb.europa.eu/pub/economic-bulletin/focus/2022…
apnews.com/article/europe-inflation-economic-g…
ec.europa.eu/eurostat/statistics-explained/ind…
For more information on Inflation in general see the following sources
corporatefinanceinstitute.com/resources/econom… (corporatefinanceinstitute.com/resources/econom…)
investopedia.com/insights/what-is-the-quantity…
For more information on monetary policy and the ECB see the following sources:
ec.europa.eu/eurostat/statistics-explained/ind…
european-union.europa.eu/institutions-law-budg…
For more general information on fiscal policies in the eurozone see the following sources:
ecb.europa.eu/pub/economic-bulletin/articles/2… (ecb.europa.eu/pub/economic-bulletin/articles/2…)
rabobank.com/knowledge/d011370092-eurozone-inf… (rabobank.com/knowledge/d011370092-eurozone-inf…)
econofact.org/fiscal-policy-disinflation-and-t…
For more information on the Netherlands see the following sources
dnb.nl/en/general-news/press-release-2023/econ… (dnb.nl/en/general-news/press-release-2023/econ…)
acm.nl/en/publications/acm-warns-about-fixed-c… (acm.nl/en/publications/acm-warns-about-fixed-c…)
government.nl/topics/energy-crisis/cabinet-pla… (government.nl/topics/energy-crisis/cabinet-pla…)
cpb.nl/en/energy-price-scenarios#:~:text=In%20…
government.nl/latest/news/2022/03/21/measures-… (government.nl/latest/news/2022/03/21/measures-…)
For more information on Lithuania see the following sources:
doi.org/10.5089/9798400254048.002.A001
lrt.lt/en/news-in-english/19/1739395/inflation… says#:~:text=%E2%80%9CGoods%20such%20as%20energy%2C%20transport (lrt.lt/en/news-in-english/19/1739395/inflation…)
References (APA format)
Adolfsen, J. F., Kuik, F., Lis, E. M., & Schuler, T. (2022). The impact of the war in Ukraine on euro area energy markets. Www.ecb.europa.eu, 4. ecb.europa.eu/pub/economic-bulletin/focus/2022…
Autoriteit Consument & Markt. (2023, September 7). ACM warns about fixed contracts with prices above the price cap | ACM.nl. Www.acm.nl. acm.nl/en/publications/acm-warns-about-fixed-c…
Bańkowski, K., Bouabdallah, O., Checherita-Westphal, C., Freier, M., Jacquinot, P., & Muggenthaler, P. (2023). Fiscal policy and high inflation. Www.ecb.europa.eu. ecb.europa.eu/pub/economic-bulletin/articles/2…
Barone, A. (2022, November 23). What is the Quantity Theory of Money? Investopedia. investopedia.com/insights/what-is-the-quantity…
Bonnell, C. (2023, November 30). Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled. AP News. apnews.com/article/europe-inflation-economic-g…
Economic growth slows, inflation remains persistent. (2023, June 19). Www.dnb.nl. dnb.nl/en/general-news/press-release-2023/econ…
Energy price scenarios. (2022, December 6). Www.cpb.nl. cpb.nl/en/energy-price-scenarios#:~:text=In%20…
European Central Bank. (2022). Fiscal policies. European Central Bank. ecb.europa.eu/mopo/eaec/fiscal/html/index.en.h…
European Union. (n.d.). European Central Bank (ECB) | European Union. European-Union.europa.eu. Retrieved December 20, 2023, from european-union.europa.eu/institutions-law-budg…
Eurostat. (2023). Inflation in the Euro Area - Statistics Explained. Ec.europa.eu. ec.europa.eu/eurostat/statistics-explained/ind…
Gaspar, V., Goncalves, C., & Poplawski-Ribeiro, M. (2023, November 2). Fiscal Policy, Disinflation, and the Safety Net | Econofact. Econofact.org. econofact.org/fiscal-policy-disinflation-and-t…
Harn, M. W., Elwin de Groot, Erik-Jan van. (2023, June 1). Eurozone inflation differentials likely to stick around. Rabobank. rabobank.com/knowledge/d011370092-eurozone-inf…
Headline Inflation. (n.d.). Corporate Finance Institute. corporatefinanceinstitute.com/resources/econom…
Inflation in Lithuania higher because its economy did better during pandemic, minister says. (2022, July 15). Lrt.lt. lrt.lt/en/news-in-english/19/1739395/inflation…
International Monetary Fund European Dept. (2023). Republic of Lithuania: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania. IMF Staff Country Reports, 2023(316). doi.org/10.5089/9798400254048.002.A001
Kang, S. H., Arreola Hernandez, J., & Seong-Min, Y. (2019). lib.uva.nl/discovery/fulldisplay?&context=…. Lib.uva.nl. lib.uva.nl/permalink/31UKB_UAM1_INST/1hfh82p/c…
Ministerie van Algemene Zaken. (2022a, March 21). Package of measures to cushion the impact of rising energy prices and inflation - News item - Government.nl. Www.government.nl. government.nl/latest/news/2022/03/21/measures-…
Ministerie van Algemene Zaken. (2022b, October 30). Cabinet plans price cap for gas and electricity - Energy crisis - Government.nl. Www.government.nl. government.nl/topics/energy-crisis/cabinet-pla…
Oner, C. …

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