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The Supply-Shock Explanation of the Great Stagflation Revisited

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NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14563
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资源简介:
U.S. inflation data exhibit two notable spikes into the double-digit range in 1973-1974 and again in 1978-1980. The well-known "supply-shock" explanation attributes both spikes to large food and energy shocks plus, in the case of 1973-1974, the removal of price controls. Yet critics of this
提供机构:
美国国家经济研究局
创建时间:
2008-12-01
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