Can the side effects of sanctions and energy inflation trigger the disintegration of the international monetary regime?

This article aims to discuss the impact of the energy crisis exacerbated by the Russo-Ukrainian war on the general macroeconomic performance and income distribution of the Eurozone. We consider the restrictive monetary policies induced by the return of inflation, their declared and implicit objectiv...

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Bibliographic Details
Published in:PSL quarterly review 2023-09, Vol.76 (306), p.225
Main Authors: Lampa, Roberto, Oro, Gianmarco
Format: Article
Language:English
Subjects:
Currency substitution
Economic development
Energy shortages
euro crisis
Income distribution
Inflation
inflationary processes
Macroeconomics
Monetary policy
post-war economic development
Sanctions
Side effects
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Summary:This article aims to discuss the impact of the energy crisis exacerbated by the Russo-Ukrainian war on the general macroeconomic performance and income distribution of the Eurozone. We consider the restrictive monetary policies induced by the return of inflation, their declared and implicit objectives, and the contradictory consequences for the economic system. We analyse the impact of Western sanctions on the Russian economy, and discuss the long-term consequences of sanctions and political strategies on the de-dollarisation of global markets.
ISSN:2037-3635
2037-3643
DOI:10.13133/2037-3643/18249