The blend of economic stagnation and inflation is a challenge to the contemporary macroeconomic study.The causes,influence and policy implications of"stagflation"have been academically controversial.This paper starts ...
Though total demand has not yet recov- ered substantially and the monetary policy maintains neutral, we should not conclude that the Chinese economy is in stagflation. It is very unlikely that the Chinese economy wil...
Normally speaking,to tell whether an economy will run into stagflation we will see whether the inf lation rate exceeds the economic growth rate.The author thinks that China's price rise speed still fall behind the eco...
China's current inflation differs from that of the 1980s. The Current inflation is being caused by factors from both the supply and demand sides, and should therefore be addressed from both sides as well With a new p...
July 18 China saw mixed macroeconomic performance during the first half of 2011. Under greater pressure to curb inflation, Chinese policymakers began to hint that inflation may be higher than expected. Policymakers tr...
Normally, in a time of economic recession, inflation is the last thing policymakers worry about. Many tend to believe it is perfectly justified to print more money to keep the
Conventional oil supplies will remain tight in the years ahead.New discoveries will not suffice.World crude-oil production nearly tripled in 1960-73 (from 21 million barrels a day to 56 million), but has grown a mere ...
Conventional oil supplies will remain tight in the years ahead.New discoveries will not suffice.World crude-oil production nearly tripled in 1960-73 (from 21 million barrels a day to 56 million), but has grown a mere ...
"All the world’s main central banks now face a more difficult period." Goodhart who is a London School of Economics professor said in an interview. "We’re going into a sort of a minor replay of the stag ation we had in
A system approach to building a theoretical model of macroeconomic system is shown in the paper. The IS-LM model, which is well-known in macroeconomics, is extended into a dynamic equilibrium model-IS-LM-AS model. The...