Economic recovery and inflation
Marek Dabrowski
No 494, CASE Reports from CASE-Center for Social and Economic Research
Abstract:
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed—in particular, the new financial regulations (which led to a deep decline in the money multiplier). However, there are numerous signs in both the real and financial spheres that these pressures are disappearing.
Keywords: monetary policy; inflation; economic growth; unemployment; money multiplier; money velocity (search for similar items in EconPapers)
JEL-codes: E24 E31 E41 E51 E52 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:sec:report:0494
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