Inflation dynamics: an in-depth historical analysis and future perspectives
Grilli, Ioanna (A.A. 2023/2024) Inflation dynamics: an in-depth historical analysis and future perspectives. Tesi di Laurea in International financial economics, Luiss Guido Carli, relatore Guido Traficante, pp. 78. [Master's Degree Thesis]
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Abstract/Index
Inflation during the 1970s. Overview and causes. Robert Barro’s perspective on evidence about another important cause of inflation during the 1970s in the United States. Could policymakers be held responsible? Is it possible to detect any other factors? A different perspective and a comparison with the United States: the great inflation in Germany. Can we observe a relationship between the price level and unemployment? Monetary policy response. Oil prices and inflation: what is different between the 1970s and the great recession? Oil prices (inflation surge). Economic slowdown. Deflation. Which are the main drivers of inflation in the present day? Is the current situation somehow resembling what happened during the 1970s? How has the monetary policy response unfolded? How could the future perspectives in the short-and medium-term be? Aggregate supply and aggregate demand dynamics: a first interpretation of the recent inflationary wave. A focus on the current inflationary trend in Europe and the role played by the Russia-Ukraine conflict. Do oil prices also have a leading role in curbing inflation? Let’s analyse the energy component as well as other crucial factors. Similarities and differences with the 1970s; what can we learn from the great inflation? The monetary and fiscal policy approach entering the pandemic crisis: an overview of the situation during the last decade (2010-2019). How the European Central Bank and the Federal Reserve are respectively coping with high inflation rates. An overview of some of the possibilities for the future developments. A focus on Italy, considering how the energy shock has widened inequality among households (underlying its imported nature), evaluating the role played by monetary policy and suggesting fiscal policy measures that could be undertaken to obviate such an issue. How did the 2021-2022 imported energy shock broaden inequality among households within the Italian context? Excursus on inequality among households in Italy and its correlation with imported-energy-driven inflationary shocks. The role of monetary policy: does it have a negative impact, intensifying such a phenomenon? Need to implement fiscal policy measures: which ones? How to prevent imported shocks from having such a large impact on households’ inequality?
References
Bibliografia: pp. 74-77.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77) |
| Chair: | International financial economics |
| Thesis Supervisor: | Traficante, Guido |
| Thesis Co-Supervisor: | De Arcangelis, Giuseppe |
| Academic Year: | 2023/2024 |
| Session: | Summer |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 22 Jan 2025 11:54 |
| Last Modified: | 22 Jan 2025 11:54 |
| URI: | https://tesi.luiss.it/id/eprint/40930 |
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