Stagflation
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Stagflation
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World Bank has said that the countries are heading for 'stagflation'. But, what does this term stand for? What are its ramifications? Watch: wionews.com/videos | WION
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During the 1950s and 1960s, the Keynesian interpretation of monetary policy seemed to hold true. But with the stagflation that appeared in the 1970s, it became clear that the model was flawed—as it didn’t predict the high levels of unemployment and inflation that arose. The result was a fundamental shift in attitudes toward monetary policy. https://bit.ly/3eiaitb | PolicyEd
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