Stagflation Risks: How Central Banks Balance Growth and Price Stability

Stagflation Risks: How Central Banks Balance Growth and Price Stability

“Stagflation is an economic menace that defies conventional wisdom, challenging the very foundations of economic theory.” – Alan Greenspan Stagflation, a word from the 1970s, means high unemployment and inflation with slow growth. It’s been a problem for rich nations since then. They’ve had a hard time fixing it. The 1970s had a big showdown…