Skip to main content
Return to Brookings Papers on Economic Activity
BPEA Article

The Effects of External Inflationary Shocks

and

Abstract

THE ECONOMY IS ALWAYS VULNERABLE to a variety of external influences or shocks that have important impacts on income, employment, and prices. While these external shocks are unforeseeable and unavoidable, economic policy must somehow deal with their consequences.

Authors

Get daily updates from Brookings