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The Great Stagflation Revisited


European Unemployment Revisited: Shocks, Institutions, Integration

Macroeconomists “had entered the 1970s without a model of the natural rate, and had not antici- pated stagflation”and around the turn of the ...

Revisiting the Great Moderation: policy or luck? - EconStor

Revisiting the Great Moderation: policy or luck? Cardiff Economics Working ... Primiceri (2005) argued that the stagflation in the 1970s was mostly due to.

The Great Inflation of the 1970s and Lessons for Today

This setting of α is reconsidered later when attention is turned to ... “Monetary Policy and Stagflation in the U.K.,”. Journal of Money ...

Revisiting the Phillips Curve: The Empirical Relationship Yet to be ...

Also, shifts of the Phillip curve were used as an oversimplified description for the 1970s' stagflation that lingers on to this day in ...

Monetary Policy and Macroeconomic Stability Revisited

This can account for the Great Inflation, where high inflation and low economic growth—stagflation—occurred with an accommodative monetary ...

Is the risk of stagflation real? - Bruegel

Most economic forecasts predict a return, in the medium-term, to pre-pandemic growth and inflation. Nevertheless, the European Central Bank ...

The 1970s Revisited? Economic Stagnation Fears Ignite Gold Fever

... stagflation. He points to stubborn inflation and rising costs as indicative of a similar trajectory. Meanwhile, in response to economic ...

From the Stagflation to the Great Inflation: Explaining the US ... - Cairn

Microfoundations in the Making of a New. Consensus in Macroeconomics. In Duarte, P. G. and Lima, G. T., editors, Micro- foundations Reconsidered. The ...

Mainstream Economists Have Been Using a Misleading Inflation ...

Krugman, Paul (2021) “Stagflation Revisited: Did We Get the Whole Macro Story Wrong,” https://paulkrugman.substack.com/p/stagflation-revisited.

The Great Inflation: The Rebirth of Modern Central Banking – EH.net

Alan Blinder and Jeremy Rudd (“The Supply-Shock Explanation of the Great Stagflation Revisited”) defend the traditional Keynesian view of aggregate-demand ...

Monetary policy and stagflation in the UK - Bank of England

In the wake of this relatively favourable outcome, many recent studies have revisited ... why that period saw the 'Great Inflation' or 'Great Stagflation'— ...

Financialization revisited: the rise and fall of finance-led capitalism *

resolution of the stagflation crisis from October 1979 onward. Just at the onset of the. Page 3. Financialization revisited: the rise and fall of finance-led ...

Do Import Tariffs Generate Stagflationary Tendencies?

The Supply-shock explanation of the Great Stagflation revisited. Working Paper 14563. Cambridge, Mass.: National Bureau of Economic Research ...

The Great COVID-19 Recession Revisited: Hysteresis, Bottlenecks ...

There are even concerns that spread of the Delta variant will cause stagflation. These analyses are valid. However, a clearer understanding of ...

The Inflation–Output Trade-Off Revisited

The recovery from the Great Depression is not the only example of increasing inflation. ... trade-off built from the stagflation experience was largely ...

Macroeconomic repercussions of pandemic and geopolitical crises

The Supply-Shock Explanation of the Great Stagflation Revisited. CEPS ... From the Stagflation to the Great Inflation: Explaining the US economy of the 1970s.

The great inflation : the rebirth of modern central banking - University ...

Romer -- The supply-shock explanation of the great stagflation revisited / Alan S. Blinder and Jeremy B. Rudd -- The great inflation drift / Marvin Goodfriend ...

Do inflation expectations matter? The Great Moderation revisited

Many authors have recently examined the ”Great Moderation” in the US (see Clarida, et. ... disadvantage that sunspot shocks can not be interpreted as stagflation ...

The Great Inflation of the Seventies: What Really Happened?

“Do We Really Know That Oil Caused the. Great Stagflation? A Monetary ... “The Lag from Monetary Policy Actions to. Inflation: Friedman Revisited,” International ...

European Unemployment Revisited: - Shocks, Institutions, Integration

New decades of. Labor market reforms,. Globalization, EMU,. Great recessions. ... had not anticipated stagflation". To explain persistent unemployment ...