And best of all it's ad free, so sign up now and start using at home or in the classroom. Cambridge Dictionary +Plus The advent of stagflation across the developed world in the mid-20th century showed this not to be the case.

a type of panpipes native to the Andes, made of clay and tuned in the pentatonic scale This idea, essentially German Translation of “stagflation” | The official Collins English-German Dictionary online. stagflation, in economics, a word coined in the 1970s to describe a combination of a stagnant economy and severe inflation inflation, in economics, persistent and relatively large Learn the translation for ‘stagflation’ in LEO’s English ⇔ German dictionary. Ölpreis nominal und inflationsbereinigt seit 1861 bis 2007 The term "stagflation" was first used during a time of economic stress in the United Kingdom by politician Iain Macleod in the 1960s while he was speaking in the House of Commons. Eat Out to Help Out: the new scheme for UK restaurants We look at some of the ways in which the language is changing. Create an account and sign in to access this FREE content Over 100,000 German translations of English words and phrases. Because the historical onset of stagflation represents the great failure of the dominant economic theories of the time, economists since then have put forth several arguments as to how stagflation occurs or how to redefine the terms of existing theories in order explain around it. Stagflation results when inflation increases significantly despite a slowdown in the economy and shrinking demand for products and services that results from rising unemployment and low consumer confidence. Another theory is that the confluence of stagnation and inflation are results of poorly made economic policy. Other economists, even prior to the 1970’s, criticized the idea of a stable relationship between inflation and unemployment on the grounds of consumer and producer expectations about the rate of inflation. It was later used again to describe the recessionary period during the 1970s following the oil crisis, when the U.S. underwent a recession that saw five quarters of negative GDP growth. Definition: Stagflation is the economic phenomenon in which unemployment increases along with rising inflation causing demand to remain stagnant in a given period.In fact, it is an indication of an inefficient market, as traditionally, there is an inverse relationship between unemployment rates … ‘Eat Out to Help Out’, the UK government instructs – healthily or otherwise, according to taste.

The offers that appear in this table are from partnerships from which Investopedia receives compensation. If an economy is suffering from stagflation, inflation is high but there is no increase in the demand for goods or in the number of people who have jobs . The Paul Noble Method: no books, no rote memorization, no chance of failure. [business] COBUILD Advanced English Dictionary. Zum Teil ist dies damit erklärbar, dass sich aufgrund steigender Energieeffizienz der Ölverbrauch je 1 US-$ BIP in den Vereinigten Staaten und vielen anderen Ländern halbiert hat. A U-Shaped Recovery is a type of economic recovery that experiences a gradual decline followed by a gradual rise back to its previous peak. All rights reserved. Stagflation is defined as an economic phenomenon where there is high inflation along with rising unemployment and relatively slow economic growth or recession. Or something more sinister, like Hannibal Lecter? Stagflation was long believed to be impossible because the economic theories that dominated academic and policy circles ruled it out of their models by construction. Learning German: Apologizing and attracting someone’s attention A type of economic recession and recovery that resembles an "L" shape in charting. Since that time, as a rule, inflation persists as a general condition even during periods of slow or negative economic growth. Our new online dictionaries for schools provide a safe and appropriate environment for children. The de facto consensus on stagflation among most economists, financiers, and policy makers has been to essentially redefine what they mean by the term “inflation” in the modern era of modern currency and financial systems. Stagflation is a seemingly contradictory condition described by slow economic growth and relatively high unemployment, or economic stagnation, which is … At the time, he was speaking about inflation on one side and stagnation on the other, calling it a "stagnation situation." It was her belief that in order to avoid the phenomenon of stagflation, a country needed to provide an incentive to develop "import-replacing cities" — that is, cities that balance import with production. Die meisten Ökonomen sind der Ansicht, dass wir hauptsächlich Glück hatten.Nach Ansicht des heutigen Mainstreams der Volkswirtschaftslehre (Stagflation in der volkswirtschaftlichen DiskussionStagflation in der volkswirtschaftlichen Diskussion Perhaps the most striking thing about the list of words that people have looked up in the Collins Dictionary in July is that it no longer contains a lot of words that were being looked up earlier in the year. Houghton Mifflin Harcourt. As it result, stagflation is a great example of how real world economic data can sometimes run roughshod over widely accepted economic theories and policy prescriptions. Copyright © by HarperCollins Publishers. Eine Stagflation wurde in den 1970er Jahren im Zusammenhang mit der Ab 2002 kam es erneut zu einem starken Anstieg des Ölpreises, der 2006–08 den Höhepunkt erreichte. As a result, prices rise throughout the economy in response to expansionary monetary policy, without any corresponding decrease in unemployment, and unemployment rates can rise or fall based on real economic shocks to the economy.

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