Economic recovery and inflation
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Marek Dabrowski
Expertise: Background: Current Positions: Previous Positions: Dr Marek Dabrowski is a Non-Resident Scholar at Bruegel, Brussels, Co-founder and Fellow at CASE – Center for Social and Economic Research in Warsaw, and Visiting Professor at the Central European University in Vienna. He was a cofounder of CASE (1991), former Chairman of its Supervisory Council and President … <a href="https://case.dev10.pro/publications/economic-recovery-and-inflation/">Continued</a>
Articles from this author:
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Fiscal Sustainability: Conceptual, Institutional, and Policy Issues
‘Since 2008, the world economy has been facing the consequences of the global financial crisis. As a result, many economic policy paradigms have been revised, and this process is far from complete. The policy area, which needs a fundamental rethinking (especially in advanced economies), relates to the role of public finance and fiscal policy in ensuring economic growth and … Continued
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Fiscal Sustainability: Conceptual, Institutional, and Policy Issues
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed—in particular, the new financial regulations (which led to a deep decline in the money multiplier). However, there are numerous signs in both the real and financial spheres that these pressures are disappearing. The largest advanced economies are growing up to their potential, unemployment is systematically decreasing, the financial sector is more eager to lend, and its clients—to borrow. Rapidly growing asset prices signal the possibility of similar developments in other segments of the economy. In this new macroeconomic environment, central banks should cease unconventional monetary policies and prepare themselves to head off potential inflationary pressures.