Template-Type: ReDIF-Paper 1.0
Author-Name: Fernando Avalos
Author-X-Name-First: Fernando
Author-X-Name-Last: Avalos
Author-Name: Adam Cap
Author-X-Name-First: Adam
Author-X-Name-Last: Cap
Author-Name: Deniz Igan
Author-X-Name-First: Deniz
Author-X-Name-Last: Igan
Author-Name: Enisse Kharroubi
Author-X-Name-First: Enisse
Author-X-Name-Last: Kharroubi
Author-Name: Gabriela Nodari
Author-X-Name-First: Gabriela
Author-X-Name-Last: Nodari
Title: Energy markets: shock, economic fallout and policy response
Abstract: Commodity price increases this year have been larger, more persistent and more broad-based than similar past episodes of commodity price rises.
The recent commodity price surge has exerted an overall stagflationary effect on the global economy, lowering growth and raising inflation.
Given already high levels of inflation and of government debt, a coherent monetary and fiscal policy mix is needed even more than usual to navigate the policy challenges.
Length: 8 pages
Creation-Date: 2022-12-13
File-URL: https://www.bis.org/publ/bisbull64.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull64.htm
File-Format: text/html
Number: 64
Handle: RePEc:bis:bisblt:64