Why was there so much inflation in the Euro area in 2022?

Production costs rose as a result of the Covid-19 health crisis and the war in Ukraine.
28% (17 votes)
The ECB created in two years (March 2020 to March 2022) as much money as it had created in the previous twenty years.
72% (43 votes)
Total votes: 60
Learning objectives: 
Understanding the concept of inflation and its consequences.
Understanding the concepts of money, money base and money multiplier.
Being able to obtain and understand empirical data about monetary policy and inflation.
Understanding the quantity theory of money.
Understanding supply shocks and stagflation.
Understanding the concept of seigniorage or inflation tax.
Understanding why leaders increase the inflation tax in times of war.
Presentation videos: