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[정책] Prospects for monetary policy one year into the war in Ukraine

우크라이나 국외연구자료 연구보고서 CASE 발간일 : 2023-03-15 등록일 : 2023-08-31 원문링크

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24 February 2023 marked one year since the start of the Russian invasion of Ukraine. Before the war, starting in 2021, the euro area was experiencing inflationary pressure attributed to supply-side factors, in particular to pandemic-related supply chain disruptions. The war in Ukraine amplified inflationary pressures through energy and food prices, later feeding into goods and services inflation. Later in 2022, the relative contribution of demand-side factors became more prominent. With the recent easing of energy prices, headline inflation is slowing down while core inflation continues to increase. Four papers were prepared by the ECON Committee’s Monetary Expert Panel, analysing current inflation dynamics and the inflation outlook. This publication is provided by the Economic Governance and EMU Scrutiny Unit (EGOV) for the Committee on Economic and Monetary Affairs (ECON), ahead of the Monetary Dialogue with ECB President Christine Lagarde on 20 March 2023.

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