Stagflation | Economics Discussion

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Friedman-Phelps Model of Stagflation: Equations, Curves, Criticisms and Conclusion

Friedman-Phelps Model of Stagflation: Equations, Curves, Criticisms and Conclusion! With the existence of stagflation, new economic models appeared during 1970s. M. Friedman and E.S. Phelps sought to explain the phenomenon of stagflation (or the instability of the Phillips curve) in terms of inflationary expectations; changes in inflationary expectations cause shifts in the Phillips curve. According to the Friedman-Phelps model, the [...]

By Suman K|2018-08-13T06:52:03+05:30August 13, 2018|Friedman Phelps Model|Comments Off

Stagflation: Meaning, Reasons, Critical Evaluation and Everything Else

Read this article to learn about the meaning, reasons, critical evaluation and causes of stagflation. Meaning of Stagflation : Economists have had known mainly two phenomena so far either of 'inflation' or 'deflation'. The former is described as a situation where too much money chases too few goods leading to a rise in prices. The later is characterized by excessive [...]

By M. Agarwal|2015-08-10T10:59:45+05:30August 4, 2015|Stagflation|Comments Off