ECB Archives

Expensive and unaffordable cost of tax of inflation

Contractionary monetary policy (contraction economic policy) is now the most popular method of controlling inflation. The purpose of a contractionary policy is to reduce the money supply within an economy by raising interest rates. This helps slow economic growth by...

07/11/2023BlogAlbanian government, BoA, capital tax, contraction, dependence of transport, ECB, expensive cost, fiscal policy, freelancer, fuel dependency, inflation, informality, monetary market, Po e more, progressive taxation, rritja e pagave, tax evasion, welfare taxation0 CommentsRead more...

What options do we think are needed in addressing alternative sources for the budget and anti-inflation actions?

Fighting inflation by increasing interest rates may lead to a weakening of production and employment in 2023, but also a further contraction of purchasing power in the country.First, it should be analyzed that monetary policy is not obligatory to follow...

28/12/2022Blog2023, anti inflation, ECB, fiscal consolidation bank of albania, interest rates, pension funds0 CommentsRead more...

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