An increasing number of economic forecasters are digging up a word not used since the 1970s: Stagflation. Stagflation - high inflation with weak economic growth - is one of the most confounding economic environments for policy makers. The problem with stagflation is that the standard economic relationships no longer apply, and standard levers to affect economic change - monetary and fiscal policy - break.
Stagflation?
Stagflation?
Stagflation?
An increasing number of economic forecasters are digging up a word not used since the 1970s: Stagflation. Stagflation - high inflation with weak economic growth - is one of the most confounding economic environments for policy makers. The problem with stagflation is that the standard economic relationships no longer apply, and standard levers to affect economic change - monetary and fiscal policy - break.