Should we worry about stagflation?

Pryce, Vicky (2021) Should we worry about stagflation? Birmingham City University, Centre for Brexit Studies Blog.

[img]
Preview
Text
Should we worry about stagflation.pdf - Published Version

Download (129kB)

Abstract

Stagflation Is a term used to describe a period of no growth but with high inflation(1). This normally happens when an external shock sends prices higher , such as the oil price crises of the 1970s. Interest rates are then generally raised in reaction which lead to a slowdown in demand. Consumption and investment inevitably drop and a period of weak growth follows until inflation is brought back under control. But because that shock is external and not a result of market forces, the whole episode often lasts longer than it should, causing serious damage to he world economy. Stagnant growth and inflation=stagflation.

Item Type: Other
Dates:
DateEvent
4 October 2021Published Online
Uncontrolled Keywords: Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise and Professional Services > Centre for Brexit Studies
Depositing User: Alex De Ruyter
Date Deposited: 07 Feb 2022 10:40
Last Modified: 07 Feb 2022 10:40
URI: http://www.open-access.bcu.ac.uk/id/eprint/12771

Actions (login required)

View Item View Item

Research

In this section...