stagflation
Noun
Meaning
stagflation (countable and uncountable, plural stagflations)
(economics) Inflation accompanied by stagnant growth, unemployment or recession.
Synonyms
Hypernyms
Examples
According to this theory, periods of mergers and acquisitions oscillate with periods of stagflation.
After inflation rates began to fall in 1982, economists' focus shifted from the causes of stagflation to the "determinants of productivity growth and the effects of real wages on the demand for labor".
Explaining the 1970s stagflation further Following Richard Nixon 's imposition of wage and price controls on 15 August 1971, an initial wave of cost-push shocks in commodities were blamed for causing spiraling prices.
However, Russian economy began stagnating in late 2013 and in combination with the War in Donbass is in danger of entering stagflation, slow growth and high inflation.
But this is exactly what stagflation is all about, i.e., an increase in price inflation and a fall in real economic growth.
Contrary to PF, however, we maintain that stagflation is not caused by the fact that in the short run people are fooled by the central bank.