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Ineptitude of monetary policy activism in a potentially destabilizing stagflation
A stagflation, which is both rising prices and falling output (rising unemployment) is a lot difficult to tame with policy
Ineptitude of monetary policy activism in a potentially destabilizing stagflation
By: NewVision Reporter, Journalists @NewVision
By Dr. Andrew Ojede
Negative global supply shocks exacerbated by the Covid-19 pandemic have now reached alarming levels. Inflationary expectations emanating from supply shocks and demand-driven COVID-19 bailouts, which were handed