The euro area has been subject to a series of very different shocks, some of which, such as the COVID-19 pandemic, were unprecedented. While the ECB’s reaction to these deflationary shocks was vigorous, it persisted too long with its expansionary measures and failed to see their inflationary impact when energy prices shot up. The future is likely to bring new challenges, but climate change might not be the most important threat to price and financial stability.
Authors
Directorate-General for Internal Policies of the Union, European Parliament, Shamsfakhr Farzaneh, Gros, Daniel
- Catalogue number
- QA-02-24-116-EN-N QA-02-24-116-EN-C
- Citation
- European Parliament, Directorate-General for Internal Policies of the Union, Gros, D., From past shocks to future uncertainties – Navigating 25 years of euro area challenges , European Parliament, 2024, https://data.europa.eu/doi/10.2861/600043
- DOI
- https://data.europa.eu/doi/10.2861/600043
- ISBN
- 978-92-848-1562-3
- Pages
- 30
- Published in
- Belgium
- Themes
- Economy — Finance
