Ambar Ghosh, Chandana Ghosh
Abstract
Stagflation following oil shocks in the 70s and early 80s in the oil im-porting countries saw the demise of the Keynesian theory on the ground that it is inconsistent with stagflation. This paper shows that the above claim is baseless.
OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
Stagflation following oil shocks in the 70s and early 80s in the oil im-porting countries saw the demise of the Keynesian theory on the ground that it is inconsistent with stagflation. This paper shows that the above claim is baseless.
Key concepts: Stagflation, Keynesian economics, Demise, Economics, Political science, Law, Monetary policy