Plafonnement des prix de l'énergie et allégement fiscal: la politique anti-inflationniste de l'Allemagne à la suite des chocs des termes de l'échange en 2022

Sebastian Dullien and Silke Tober

Revue d'économie financière, 2024, vol. N° 153, issue 1, 119-132

Abstract: The price shocks of 2022-2023 gave rise to soaring inflation and economic stagnation in Germany. In response, the German government adopted various policy measures with the threefold aim of stabilizing the economy, reducing the social divide, and preventing second-round effects that risk inflation persisting. These policies were largely successful. Given the transitory nature of the shocks and the limited second-round effects ? contained in part by targeted fiscal measures in the euro area ? the ECB's strongly restrictive policy stance unnecessarily intensified economic weakness in the euro area. JEL classification: E31, E58, E63.

JEL-codes: E31 E58 E63 (search for similar items in EconPapers)
Date: 2024
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