The article explores why some East Asian countries experience slow growth and high inflation at the same time, while others have non-inflationary growth. By analyzing supply and demand curves in four countries, the researchers found that in some cases, demand expansion could boost growth, while in others, supply-based policies would be more effective in controlling prices. During crises, supply shocks played a significant role in price fluctuations, indicating that managing aggregate demand alone may not be the best approach.