ECB: THE IMPLICATIONS OF THE WAR FOR MEDIUM-TERM INFLATION AND ECONOMIC ACTIVITY WILL DEPEND ON THE INTENSITY AND DURATION OF THE ENERGY PRICE SHOCK AND THE SCALE OF ITS INDIRECT AND SECOND-ROUND EFFECTS

2026-04-30

ECB: THE IMPLICATIONS OF THE WAR FOR MEDIUM-TERM INFLATION AND ECONOMIC ACTIVITY WILL DEPEND ON THE INTENSITY AND DURATION OF THE ENERGY PRICE SHOCK AND THE SCALE OF ITS INDIRECT AND SECOND-ROUND EFFECTS