The impact of the Russian aggression on inflation prospects and monetary policy's response
10 May 2022 · Joachim Nagel , President of the Deutsche Bundesbank (Germany)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability , labour markets and jobs
JN 10 May 2022 · Joachim Nagel Wiki · Deutsche Bundesbank Wiki The impact of the Russian aggression on inflation prospects and monetary policy's response Context Closing keynote address by Joachim Nagel, President of the Deutsche Bundesbank, at the International Economic Symposium co-hosted by the Deutsche Bundesbank and NABE, Eltville, 10 May 2022.
Why it matters Nagel argues that the invasion reverses decades of disinflationary forces.
Problems raised Russia's aggression pushes inflation up. Disinflationary forces are reversing. Labour supply shocks change. Solutions proposed Respond with monetary tightening. Study structural inflation drivers. Keep inflation expectations anchored. Read full speech on bis.org ↗ More from Joachim Nagel · Deutsche Bundesbank · all speeches
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