shocks contributed to the stagflation of the 1970s. Understanding what went wrong in the 1970s is the key to learning from … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … monetary policy makers, causing stagflation in the process. This paper reviews the evidence for these two main explanations …

union. It is argued that wage pressure will not be diminished by forming the union, and the stagflation problem that lies at …

The origins of stagflation and the possibility of its recurrence continue to be an important concern among policymakers … and in the popular press. It is common to associate the origins of the Great Stagflation of the 1970s with the two major … of the causal mechanism generating stagflation as is often thought. We provide a model that can explain the bulk of …

none of the more recent oil price shocks has been associated with stagflation in the US economy, a major reason for the … stagflation of the 1970s. We show that this is not the case. …

The current macro-economic crisis can be diagnosed as repressed stagflation bursting into the open. The Obama … Administration and EU stimulus packages prevent economic collapse but do not tackle stagflation itself yet. Without proper measures …