Les Rendez-vous de l'Eco "Assessment of the inflationary wave of 2022-2024".

After many years at very low levels, inflation rose sharply in France and the eurozone in 2021 and 2022, before falling back very quickly in 2023 and more slowly in 2024-25. What contribution has monetary tightening made to disinflation? Have the effects been disparate in the different eurozone economies? Two years after the inflationary peak, what lessons can we draw from this episode for the conduct of monetary policy? 

Speaker:

Agnès Bénassy-Quéré is Deputy Governor at the Banque de France, on leave from the Université Paris 1 Panthéon-Sorbonne and the Paris School of Economics, where she is Professor of Economics. Before joining the Banque de France, she was Chief Economist at the French Treasury (2020-2023). From 2012 to 2017, she was Deputy Chairman of the Conseil d'analyse économique. Previously, she was Director of CEPII (2006-2012), and held academic positions at the universities of Paris-Nanterre, Lille and Cergy-Pontoise, as well as at École Polytechnique. She has been a member of the Haut Conseil de Stabilité Financière, the Conseil général de la Banque de France, the Conseil des prélèvements obligatoires, the Conseil national de productivité and the Conseil d'analyse économique franco-allemand. She was also a non-resident researcher at Bruegel and head of CEPR's research network on European economic architecture. Her research focuses mainly on the international monetary system and macroeconomic policy in Europe.