This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … both deviations from the policy rule and a drifting inflation target. Once the inflation target is fixed, the incidence of …

The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …

contracts, and inflation policy targets. The last section addresses current developments. These include the proper choice of … efficient rules for monetary policy that has been triggered by the proposal and widespread polularity of the Taylor rule. …

inflation treats only the symptom, not the disease. Trade liberalisation by Japan is superior to yen depreciation as a means of …

developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and …

This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … both deviations from the policy rule and a drifting inflation target. Once the inflation target is fixed, the incidence of …

We investigate the roles of a time-varying inflation target and monetary and fiscal policy stances on the dynamics of … inflation in a DSGE model. Under an active monetary and passive fiscal policy regime, inflation closely follows the path of the … inflation target and a stronger reaction of monetary policy to inflation decreases the response of inflation to non …

The volatile data for inflation, output, and interest rates in the United Kingdom prior to the 1990s, and the relative … macroeconomic stability associated with inflation targeting, provide a rich basis for discriminating between rival explanations for … the outbreak of stagflation. We examine alternative hypotheses with a New Keynesian model of aggregate demand and …

developments, the risk of stagflation—a combination of high inflation and sluggish growth—has risen. The recovery from the … stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and …

This article investigates the reasons of stagflation, as of one of the most complicated and undesirable state, as well … as its socioeconomic features. This works aims representation of analysis of the socioeconomic results of stagflation in … stagflation, its impact on economic development of the country and welfare of each citizen, effectiveness of monetary regulations …