Junior Lecturer in Economics, Kemmy Business School, University of Limerick, Ireland.
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EC6012: Stagflation

Introduction

This is an interim lecture about stagflation, a situation we might actually find ourselves in sooner rather
than later. We’ll define stagflation, look at episodes of stagflation in recent economic history, and study a
model to explain and perhaps manage stagflation in the macroeconomy. We’ll relate the insights of these
models to policies you might see implemented in the US Economy in the near future, and talk about what this might mean for Ireland’s economy going forward. Get your slides and handouts while they’re hot.

Slides

Handout

Links

(blogs to get the current situation)

Economist’s View

This Train Doesn’t Stop

Delong: supply shocks and stagflation

The 70s Look: stagflation

Attitudes Lead, CPI Follows

The Inflation Fighting Fed?

The Bernanke-Blinder Model (google books)