History's inflation lessons
2023
December 2023
59-61
inflation ; business cycle ; economic recession ; history ; monetary policy
Financing and monetary policy
https://www.imf.org/en/Publications/fandd/issues/2023/12/History-inflation-lessons-Ari-Ratnovski
English
"In the early 1970s, conflict in the Middle East set off a spike in oil prices that left central banks around the world scrambling to control inflation. After a year or so, oil prices stabilized and inflation started to retreat. Many countries believed they had restored price stability and loosened policy to revive their recession-hit economies only to see inflation return. Could history repeat?..."
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