'stagflation' in Capital in the Twenty-First Century

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(stagnation + inflation) when inflation is high, the economic growth rate slows, and unemployment remains steadily high

The “stagfl ation” of the 1970s had convinced governments and people that central banks ought to be independent of political control and target low inflation as their only objective.

—p.557 The Question of the Public Debt (540) by Thomas Piketty

notable

7 years ago

stagflation (en)

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

stagflation (en)

Capital in the Twenty-First Century by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty