2022
DOI: 10.26504/qec2022spr
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Quarterly Economic Commentary, Spring 2022

Abstract: Q uar te rl y E co no mic Co mm en ta ry -S pr in g 202 2 | i i i

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“…While there appears to be a strong appetite among policymakers to compensate households for recent and future energy price increases, there are limits to what government can do. This is not least given the risks pointed to by the Fiscal Advisory Council (2022), Central Bank of Ireland Governor Makhlouf (2021) and McQuinn et al (2022), among others, of higher spending on compensatory measures fuelling further (non-energy) inflation. Such concerns make it all the more important to ensure that the measures enacted are well designed and well targeted towards groups most adversely affected by energy inflation.…”
Section: Discussionmentioning
confidence: 99%
“…While there appears to be a strong appetite among policymakers to compensate households for recent and future energy price increases, there are limits to what government can do. This is not least given the risks pointed to by the Fiscal Advisory Council (2022), Central Bank of Ireland Governor Makhlouf (2021) and McQuinn et al (2022), among others, of higher spending on compensatory measures fuelling further (non-energy) inflation. Such concerns make it all the more important to ensure that the measures enacted are well designed and well targeted towards groups most adversely affected by energy inflation.…”
Section: Discussionmentioning
confidence: 99%