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Update on euro area fiscal policy responses to the energy crisis and high inflation

Author

Listed:
  • Checherita-Westphal, Cristina
  • Dorrucci, Ettore

Abstract

This box provides updated estimates on the fiscal support provided by euro area governments in response to the energy crisis and high inflation, reflecting the March 2023 ECB staff macroeconomic projections. It also gives granular information on the design and timing of these fiscal policy support measures. JEL Classification: E62, E31, E63

Suggested Citation

  • Checherita-Westphal, Cristina & Dorrucci, Ettore, 2023. "Update on euro area fiscal policy responses to the energy crisis and high inflation," Economic Bulletin Boxes, European Central Bank, vol. 2.
    • Handle: RePEc:ecb:ecbbox:2023:0002:9
    Note: 1790315
    as

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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_09~37755e445d.en.html
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    Citations

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    Cited by:

    1. Simone Emiliozzi & Fabrizio Ferriani & Andrea Gazzani, 2023. "The European energy crisis and the consequences for the global natural gas market," Questioni di Economia e Finanza (Occasional Papers) 824, Bank of Italy, Economic Research and International Relations Area.
    2. Dubravko Mihaljek, 2023. "Inflation and public finances: an overview," Public Sector Economics, Institute of Public Finance, vol. 47(4), pages 413-430.
    3. Briodeau, Clémence & Checherita-Westphal, Cristina, 2023. "Inflation and fiscal policy: is there a threshold effect in the fiscal reaction function?," Working Paper Series 2880, European Central Bank.

    More about this item

    Keywords

    fiscal-monetary interactions; Fiscal policy; inflation;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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