Towards a normalisation of monetary policy

Article published in the Economic Review of 2022

With inflation hitting record levels in the euro area and the US, the ongoing post-pandemic recovery has galvanised the ECB and the Fed to start the journey down the path of monetary policy normalisation. What is the normalisation process going to be like? Why is it happening at different speeds in the euro area and the US? What challenges lie ahead?

Download the article Press Release

Since 2019, the articles from the Economic Review are published in French and Dutch in the form of digests, their full version being available only in English.