Risk and Resilience

What is stagflation and why are central banks concerned about it?

Stagflation is the combination of economic stagnation and inflation. Image: Unsplash/Mathieu Stern

John Hawkins

Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra, University of Canberra


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Risk and Resilience

There is a real risk of stagflation coming back. Image: BIS, CC BY

Russia’s invasion of Ukraine is leading to a global rise in inflation. Image: Kunihiko Miura/Yomiuri Shimbun/AP
Traffic in Los Angeles, 1973. Economies were much more energy-intensive than now. Image: Gene Daniels/Wikimedia Commons, CC BY

The current economic situation is very challenging. Image: BIS total credit statistics

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Risk and ResilienceFinancial and Monetary SystemsBanking and Capital Markets


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