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Chapter 1: Macroeconomic Conditions and Outlook

Author

Listed:
  • Torben M. Andersen
  • Giuseppe Bertola
  • Clemens Fuest
  • Cecilia Garcia-Peñalosa
  • Harold James
  • Jan-Egbert Sturm

Abstract

As in previous years’ reports, Chapter 1 provides an in-depth analysis of the economic situation of the European Union and the world, as well as forecasts. Despite increasing immunization of the population, the more infectious new Omicron variant has triggered a new wave in large parts of the world. The associated uncertainty, consumer reticence, labor shortages, and existing problems in international supply chains will determine the development of the global economy this year and imply that economic activity will be noticeably subdued this winter.

Suggested Citation

  • Torben M. Andersen & Giuseppe Bertola & Clemens Fuest & Cecilia Garcia-Peñalosa & Harold James & Jan-Egbert Sturm, 2022. "Chapter 1: Macroeconomic Conditions and Outlook," EEAG Report on the European Economy, CESifo, vol. 0, pages 9-29, March.
    • Handle: RePEc:ces:eeagre:v::y:2022:i::p:9-29
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    Cited by:

    1. Régis Barnichon & Geert Mesters, 2023. "Evaluating policy institutions -150 years of US monetary policy-," Economics Working Papers 1873, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Regis Barnichon & Geert Mesters, 2020. "Identifying Modern Macro Equations with Old Shocks," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(4), pages 2255-2298.
    3. Régis Barnichon & Geert Mesters, 2020. "Optimal policy perturbations," Economics Working Papers 1716, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Koh, Rachel & Kern, Jordan & Galelli, Stefano, 2022. "Hard-coupling water and power system models increases the complementarity of renewable energy sources," Applied Energy, Elsevier, vol. 321(C).
    5. Prakash, Kushneel & Kumar, Sanjesh, 2021. "“Smoking your child’s job away”: Parental smoking during one’s childhood and the probability of being employed in adulthood," Journal of Business Research, Elsevier, vol. 136(C), pages 86-98.
    6. Budi, Rizki Firmansyah Setya & Sarjiya, & Hadi, Sasongko Pramono, 2021. "Multi-level game theory model for partially deregulated generation expansion planning," Energy, Elsevier, vol. 237(C).
    7. Régis Barnichon & Geert Mesters, 2020. "A Sufficient Statistics Approach for Macro Policy Evaluation," Working Papers 1171, Barcelona School of Economics.

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