Today we are launching € and “Inflation Island” on our website, and we will continue our work on such tools in the next few years. We expect the games to make this institution and its activities more accessible. The games are available in 22 European languages.
Chart 8 decomposes the overall effect on consumer spending into the components attributable to the various transmission channels. [18] First, the standard, intertemporal substitution channel is present only for financially-unconstrained households which are able to save. It makes up only about a third of the total impact on aggregate consumption.