Fed: To Cap or Not to Cap? Energy Crises in a Currency Union
December 23, 2025
December 23, 2025
WASHINGTON, Dec. 23 (TNSRep) -- The Federal Reserve issued the following white paper (No. 2025-1428) in December 2025 by Momo Komatsu entitled "To Cap or Not to Cap? Energy Crises in a Currency Union".
Here are excerpts:
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During the energy crisis in 2022 some Euro Area countries introduced price caps on energy, while others did not, leading to about 30 percentage points higher energy inflation in uncapped countries. This paper investigates t . . .
Here are excerpts:
* * *
During the energy crisis in 2022 some Euro Area countries introduced price caps on energy, while others did not, leading to about 30 percentage points higher energy inflation in uncapped countries. This paper investigates t . . .