{"id":70245,"date":"2023-12-02T07:37:05","date_gmt":"2023-12-02T06:37:05","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-aggravated-monetary-policy-dilemma\/"},"modified":"2024-04-20T14:12:26","modified_gmt":"2024-04-20T12:12:26","slug":"the-aggravated-monetary-policy-dilemma","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/70245\/","title":{"rendered":"The Aggravated Monetary Policy Dilemma"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-70245","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Amidst an already heightened inflation environment, the repercussions of the war in Ukraine resemble a macroeconomic supply-side shock which puts monetary policy in a challenging situation. The ECB faces a difficult trade-off and needs to find the right balance between dampening inflation and sustaining economic growth. Our empirical estimates suggest that the ECB is presently not overly loose relative to its historical monetary policy record and that current inflation cannot be easily tamed by monetary policy alone.","onlinedate":"2022-07-14 12:00:00","lang":"English","publication_series":"","publication_date":"20220601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"31","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/www.europarl.europa.eu\/cmsdata\/249582\/WIFO_DEF.pdf","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"European Parliament","invisible":false,"external":false,"embargo_date":"2022-07-14 00:00:00","types":[81966],"research_groups":[3500],"collaboration":"","persons":[3497,3865],"persons_data":"[{\"personId\":3497,\"personName\":\"Atanas Pekanov\",\"organisationNames\":[]},{\"personId\":3865,\"personName\":\"Stefan Schiman\",\"organisationNames\":[]}]","clients":[10718],"subclients":[],"partners":[8870,29305,29306,9526],"topics":[40979],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"Luxembourg","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[\"Steiner Martha\"]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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