This Ain’t Your Daddy’s Inflation: Part 3

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7/18/2022Updated: 7/19/2022

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Commentary

The Volcker recession of 1981–82 crushed inflation out of the economy, and presented economists with a new challenge: Rather than high and rising inflation, their new dilemma was low and falling inflation.

Steve Keen

Author

Professor Keen is a distinguished research fellow at University College London, an author, and has received the Revere Award from the Real World Economics Review. His main research interests are developing the complex systems approach to macroeconomics and the economics of climate change. He has entered politics as the lead candidate in New South Wales for the new Australian political party The New Liberals. His main research interests are developing the complex systems approach to macroeconomics, and the economics of climate change. In an unusual step for a retired academic, he has entered politics as the lead candidate in New South Wales for the new Australian political party The New Liberals.

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