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:
https://apnews.com/article/europe-inflation-economic-growth-236390a5ae8309d17779b03d0a863c08
https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation_in_the_euro_area
For more information on Inflation in general see the following sources
https://www.investopedia.com/insights/what-is-the-quantity-theory-of-money/
For more information on monetary policy and the ECB see the following sources:
https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation_in_the_euro_area
For more general information on fiscal policies in the eurozone see the following sources:
https://www.rabobank.com/knowledge/d011370092-eurozone-inflation-differentials-likely-t-stick-around
https://econofact.org/fiscal-policy-disinflation-and-the-safety-net
For more information on the Netherlands see the following sources
https://www.government.nl/topics/energy-crisis/cabinet-plans-price-cap-for-gas-and-electricy
https://www.cpb.nl/en/energy-price-scenarios#:~:text=In%20the%20
For more information on Lithuania see the following sources:
https://doi.org/10.5089/9798400254048.002.A001
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. https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202204_01~68ef3c3dc6.en.html
Autoriteit Consument & Markt. (2023, September 7). ACM warns about fixed contracts with prices above the price cap | ACM.nl. Www.acm.nl. https://www.acm.nl/en/publications/acm-warns-about-fixed-contracts-prices-above-price-cap#:~:text=The%20maximum%20prices%20of%20the
Bańkowski, K., Bouabdallah, O., Checherita-Westphal, C., Freier, M., Jacquinot, P., & Muggenthaler, P. (2023). Fiscal policy and high inflation. Www.ecb.europa.eu. https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202302_01~2bd46eff8f.en.html
Barone, A. (2022, November 23). What is the Quantity Theory of Money? Investopedia. https://www.investopedia.com/insights/what-is-the-quantity-theory-of-money/
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. https://apnews.com/article/europe-inflation-economic-growth-236390a5ae8309d17779b03d0a863c08
Economic growth slows, inflation remains persistent. (2023, June 19). Www.dnb.nl. https://www.dnb.nl/en/general-news/press-release-2023/economic-growth-slows-inflation-remains-persistent/
Energy price scenarios. (2022, December 6). Www.cpb.nl. https://www.cpb.nl/en/energy-price-scenarios#:~:text=In%20the%20
European Central Bank. (2022). Fiscal policies. European Central Bank. https://www.ecb.europa.eu/mopo/eaec/fiscal/html/index.en.html
European Union. (n.d.). European Central Bank (ECB) | European Union. European-Union.europa.eu. Retrieved December 20, 2023, from https://european-union.europa.eu/institutions-law-budget/institutions-and-bodies/search-all-eu-institutions-and-bodies/european-central-bank-ecb_en#:~:text=The%20European%20Central%20Bank%20
Eurostat. (2023). Inflation in the Euro Area - Statistics Explained. Ec.europa.eu. https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation_in_the_euro_area
Gaspar, V., Goncalves, C., & Poplawski-Ribeiro, M. (2023, November 2). Fiscal Policy, Disinflation, and the Safety Net | Econofact. Econofact.org. https://econofact.org/fiscal-policy-disinflation-and-the-safety-net
Harn, M. W., Elwin de Groot, Erik-Jan van. (2023, June 1). Eurozone inflation differentials likely to stick around. Rabobank. https://www.rabobank.com/knowledge/d011370092-eurozone-inflation-differentials-likely-to-stick-around
Headline Inflation. (n.d.). Corporate Finance Institute. https://corporatefinanceinstitute.com/resources/economics/headline-inflation/#:~:text=The%20headline%20inflation%20figure%20includes
Inflation in Lithuania higher because its economy did better during pandemic, minister says. (2022, July 15). Lrt.lt. https://www.lrt.lt/en/news-in-english/19/1739395/inflation-in-lithuania-higher-because-its-economy-did-better-during-pandemic-minister-says#:~:text=%E2%80%9CGoods%20such%20as%20energy%2C%20transport
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). https://doi.org/10.5089/9798400254048.002.A001
Kang, S. H., Arreola Hernandez, J., & Seong-Min, Y. (2019). https://lib.uva.nl/discovery/fulldisplay?&context=PC&vid=31UKB_UAM1_INST:UVA&search_scope=DN_and_CI_and_PURE&tab=Everything&docid=cdi_hal_primary_oai_HAL_hal_02430651v1. Lib.uva.nl. https://lib.uva.nl/permalink/31UKB_UAM1_INST/1hfh82p/cdi_hal_primary_oai_HAL_hal_02430651v1
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. https://www.government.nl/latest/news/2022/03/21/measures-to-cushion-impact-of-rising-energy-prices-and-inflation
Ministerie van Algemene Zaken. (2022b, October 30). Cabinet plans price cap for gas and electricity - Energy crisis - Government.nl. Www.government.nl. https://www.government.nl/topics/energy-crisis/cabinet-plans-price-cap-for-gas-and-electricity
Oner, C. (2023). Inflation: Prices on the Rise. International Monetary Fund; International Monetary Fund. https://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Inflation
