IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/70560.html
   My bibliography  Save this book

Maintaining Credibility is Currently the Top Priority

Author

Listed:
  • Josef Baumgartner
  • Marcus Scheiblecker
  • Thomas Url

    (WIFO)

Abstract

The dispersion of inflation rates within the euro area tends to increase in times of very strong energy price increases. A small part of this divergence is due to fiscal policy measures implemented by member countries and aimed at dampening the energy price increase. The monetary policy response of an inflation-targeting central bank to adverse supply shocks depends on the nature of the shock (demand or supply driven, temporary or permanent) and on the credibility of the central bank's commitment to the inflation target.

Suggested Citation

  • Josef Baumgartner & Marcus Scheiblecker & Thomas Url, 2022. "Maintaining Credibility is Currently the Top Priority," WIFO Studies, WIFO, number 70560.
  • Handle: RePEc:wfo:wstudy:70560
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/70560
    File Function: abstract
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Josef Baumgartner & Jürgen Bierbaumer & Sandra Bilek-Steindl & Benjamin Bittschi & Christian Glocker & Christine Mayrhuber & Margit Schratzenstaller, 2023. "Geopolitische Spannungen, Energiekrise und Teuerung bestimmen die Konjunktur. Die österreichische Wirtschaft im Jahr 2022," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(4), pages 249-267, April.
    2. Josef Baumgartner & Jürgen Bierbaumer & Sandra Bilek-Steindl & Benjamin Bittschi & Christian Glocker & Christine Mayrhuber & Margit Schratzenstaller, 2023. "Geopolitical Tensions, Energy Crisis and Inflation Shape Economic Activity. The Austrian Economy in 2022," WIFO Reports on Austria, WIFO, issue 7, May.
    3. Ursula Glauninger & Thomas Url & Klaus Vondra, 2023. "Energy price shock poses additional challenge to Austria’s price competitiveness," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2-Q3/23, pages 67-97.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wstudy:70560. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.