This paper explains the rise and fall of stagflation between 1960 and 1998 in terms of the fall and rise of the …

The origins of stagflation and the possibility of its recurrence continue to be an important concern among policymakers … and in the popular press. It is common to associate the origins of the Great Stagflation of the 1970s with the two major … of the causal mechanism generating stagflation as is often thought. We provide a model that can explain the bulk of …

shocks contributed to the stagflation of the 1970s. Understanding what went wrong in the 1970s is the key to learning from … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … monetary policy makers, causing stagflation in the process. This paper reviews the evidence for these two main explanations …

This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … stagflation in the baseline model is essentially eliminated. In contrast with several other recent papers that have focused on the …