Inflation, Recession, and Stagflation

O'Driscoll, Gerald P., and Sudha R. Shenoy

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: We begin'by referring to what is possible the major macroeconomic problem - both for analysis and for policy - facing the Western economics today; namely, the reasons why the supposedly mild inflations of the two decades following the Second World War, have now turned into the far more intractable "stagflation" besetting theorist and policy-maker alike.

Date: 1974-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:197412010800001001

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