![University of Michigan: A Monetary Explanation of the Great Stagflation [Pdf] Article](https://d15y2dacu3jp90.cloudfront.net/images/attachment_defaults/resource/large/FPO-knovation.png "University of Michigan: A Monetary Explanation of the Great Stagflation [Pdf] Article")
University of Michigan
University of Michigan: A Monetary Explanation of the Great Stagflation [Pdf]
A comprehensive look at the economic condition of the 1970s termed stagflation. Authors take a different view noting that oil price increases were not as essential to stagflation as thought. They develop the relationship between monetary...