Search Results
Showing results 1 to 2 of approximately 2.
(refine search)
Conference Paper
Jackson Hole 2022 - Panel - The Outlook for Policy Post-Pandemic
Journal Article
The Last Mile
Headline inflation in the euro area declined rapidly to 2.9% in October 2023 from its peak of 10.6% one year earlier. The bulk of this large drop reflected the substantial decline in the contributions from energy and food inflation. Once these base effects reverse, continued disinflation relies critically on monetary policy succeeding in reducing underlying inflation in a steady and timely manner. The last mile is about this change in the disinflation process. Large uncertainty around the appropriate calibration and effective transmission of monetary policy, together with the risk of new ...