CEPII, Recherche et Expertise sur l'economie mondiale
Central Bank Monetary Policy Strategies amid Turmoil in the World Economy
Michel Aglietta, Sabrina Khanniche

The Central Banks have had to adapt to a fast changing environement moving from accommodative to restrictive monetary policies amid inflation surge and financial vulnerabilities concern triggered by the rise in energy and food prices related to the war in Ukraine in a context of deep uncertainty. The Policy Brief reviews monetary policy frameworks implemented by the Fed and ECB highlighting why they have been induced to abandon their forward guidance in favor of day-to-day responses to the flow of new events.
Trade & Globalization
Competitiveness & Growth
Emerging Countries
Environment & Natural Resources
Money & Finance
Economic Policy