PDSnet Glossary

Term

Categories

Introductory Technical Fundamental Economics Opinion Sectors International Regulatory Other Markets

Versions

Name	synonyms = 1, variations = 2, abbreviations = 3

Publish: (0 = no, 1 = yes)

Definition

An economics term which refers to an economy that has limited or no growth, but simultaneously suffers from high inflation. Stagflation commonly arises where fiscal and monetary policy are not co-ordinated or where there are signficant structural problems in the legal framework of the economy. In the 1970s, when the OPEC cartel first began to push the price of oil up, many countries experienced a high level of inflation and stagnant economic growth.

Edit Glossary Term