Leta i den här bloggen

2017-10-10

Martin Wolf on Inflation and stagflation

All this would undermine elevated asset markets and might trigger worries over debt sustainability. In a still fragile world economy, the results might be ugly. One might even see a return to the stagflation of the 1970s, with far lower inflation, but also far higher indebtedness.

The starting point is a puzzle: why is inflation so low when the rate of unemployment is already a little below the level the Fed (and most economists) consider to be “full employment”
(the rate at which inflation should start to accelerate upwards).


Martin Wolf FT 10 October 2017

Inga kommentarer: