Episodes of high inflation with weak growth and sudden fuel price jumps in the 1970s. An event belongs here when its cited article describes stagflation or an oil price shock of that decade. The group brings together the entries filed under the heading Stagflation and Oil Shocks of the 1970s, so a reader can compare them and move from one to another within the same part of the economic field. Each entry in the group links to its own article with its sources and related entries.
All Stagflation and Oil Shocks of the 1970s
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Wikipedia: 1973 oil crisis
Has Member: 1973 Oil Shock, LeadQuote, Has Member: 1973 Oil Shock, Lead
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War.
Federal Reserve History: The Great Inflation
Federal Reserve HistoryHas Member: 1970s Stagflation, Page textQuote, Has Member: 1970s Stagflation, Page text
This, then, became the era of "stagflation."
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