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Philip Lane on the Nature of Europe’s Double-Digit Inflation
IMF Podcasts
Ecb
Many economists and analysts have been bemoaning the fact that fiscal and monetary policies seem to be out of sync in many countries. How would you respond to that? And what do you think the impact of that misalignment might be to your zone economies? So, let me more phrase this as a risk factor, rather than an absolute reality. I mean, when we have this very major energy shock, it is necessary for fiscal to respond.
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