Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/269213 
Year of Publication: 
2023
Series/Report no.: 
Economics Working Paper No. 2023-01
Publisher: 
Kiel University, Department of Economics, Kiel
Abstract: 
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by the European Central Bank's printing money by hook or by crook in the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the European Central Bank.
Subjects: 
Inflation
Monetary Unions
Central Bank Policy
Money Supply
InterestRates
Financial Markets
JEL: 
E31
E42
E43
E44
E51
E52
E58
E63
F34
F36
F38
F45
Document Type: 
Working Paper

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