April 29, 2024 08:00 GMT
MNI PODCAST: Eurozone Inflation Still Not Back To Normal
The effects of supply-side shocks from the pandemic and geopolitical turmoil are still visible in eurozone inflation, the European Central Bank’s Director General for Economics at the Oscar Arce tells an MNI podcast
EXECUTIVE SUMMARY
- The effects of supply-side shocks from the pandemic and geopolitical turmoil are still visible in eurozone inflation, the European Central Bank’s Director General for Economics at the Oscar Arce tells an MNI podcast.
- Bottlenecks provided a greater impulse to inflation than either the oil shock or subsequent food-price inflation.
- The Bernanke-Blanchard model applied to the eurozone will add to the ECB's alternative scenario toolkit.
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