Unconventional Fiscal Policy in Times of High Inflation

Abstract

for valuable comments. We thank Michal Andrle for providing us with weighted median inflation data for the euro area and Antoine Boiron for providing us with estimates of market reference prices for gas and electricity from the French Energy Regulatory Commission. Ignacio Gallardo, Mona Wang, and Canran Zheng provided excellent research assistance. Rebecca Eyassu provided excellent editorial support.