Economics, Econometrics and Finance
8 years ago

Global inflation reaches record levels, impacting economies worldwide.

Palgrave Macmillan UK eBooks
Inflation and Monetary Policy in Pacific Basin Developing Economies
Maxwell J. Fry, Glenn Stevens, Han Eung Kim, Zainal Aznam Yusof, Peter Nicholl

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In the 1970s and 1980s, inflation was a big issue, especially after oil price shocks. Contrary to popular belief, inflation didn't go away after 1986; in fact, it got worse and hit a record high in 1990.