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Assessing inflation through input-output analysis Spillovers DG-Ecfin
Client/Funding Institution
European Commission, DG Economic and Financial Affairs
Abstract
Assessing Inflation Spillovers Through Input-Output Analysis The strongly rising and rather persistent inflation rates over the last two years pose an important challenge to policy makers. To design appropriate policies to combat inflation requires a thorough understanding of the sources of inflation. The massive energy price shock which hit all Member States of the European Union to a different degree has led to unprecedented levels of inflation combined with or followed by an increase in value-added inflation in most EU Member States. Input-output tables and techniques allow to disentangle the direct impact of the shock from the impact of other factors, such as value-added inflation, on inflation.
Duration
March 2024 - March 2024
wiiw team Leader
wiiw Staff
Research Areas: Macroeconomic Analysis and Policy