The Impact of Energy Crisis and the Military Conflict in Ukraine on the Economy in the Eurozone and in the Republic of North Macedonia

Biljana Hadzi-Velkova ()

A chapter in Economic Recovery, Consolidation, and Sustainable Growth, 2023, pp 123-141 from Springer

Abstract: Abstract The current economic crisis is specific in many respects. Its beginnings are related to the COVID-19 pandemic emergence and the measures taken to mitigate its consequences, both for people’s health and for companies’ survival. Acknowledging the first signs and considerations that the uncertainty could last, global monetary authorities, relatively uniformly, launched expansionary monetary policy measures to support the economies. From the end of 2021 and 2022, these measures became restrictive, given the increasingly persistent inflation. The paper focuses on explaining the causes and consequences of the economic and energy crisis, as well as on presenting the current situation and the prospects for further development of the economies in the Eurozone and in the Republic of North Macedonia. Notwithstanding the various structural specifics of individual economies, they are all affected by the crisis to a different extent; however, there are still certain common characteristics and movements of the basic macroeconomic parameters.

Keywords: Monetary policy; Financial institutions; Economic development (search for similar items in EconPapers)
JEL-codes: E52 G2 (search for similar items in EconPapers)
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:prbchp:978-3-031-42511-0_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031425110

DOI: 10.1007/978-3-031-42511-0_8

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().