Introduction

Ioanna Kokores

Chapter Chapter 1 in Monetary Policy in Interdependent Economies, 2023, pp 1-15 from Springer

Abstract: Abstract Economies worldwide face an environment of recently heightened uncertainty due to noneconomic factors, as the COVID-19 pandemic and the war in Ukraine. In response to the COVID-19 pandemic, policymakers quickly activated a broad range of monetary and fiscal instruments to provide exceptional support to counter the deep impact on output and incomes, even though policy instruments were already stretched uncomfortably close to their limits leading, eventually, to a noticeable rise in inflation, which remains, nevertheless, a monetary phenomenon. In their quest to fight inflation effectively, policymakers need to eliminate, whenever possible, surprises in both monetary and fiscal policies. This book provides an analytical framework in the context of intense globalization and increased interdependence across economies (irrespective of the recent re-examining of supply chains and trade relationships), as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it. The book presents policy proposals useful to central banking practitioners, monetary and fiscal policymakers, as well as academic researchers of how policymakers must strive to build a set of policies that the public has faith in and will take into account when forming expectations of future inflation and spending.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-031-41958-4_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031419584

DOI: 10.1007/978-3-031-41958-4_1

Access Statistics for this chapter

More chapters in Financial and Monetary Policy Studies from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().