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Economic data design

0.03 11.25 !7.26 90.04 !7.10 20.90 89% 0.01 4717 0.0015 Business Day Ci Y C13-16 THURSDAY, FEBRUARY 21, 2008 The New York Times NEWS ANALYSIS A Quandary for Policy Makers That '70s Look: Inflation is rising at the.same time that the economy is slowing, raising concerns about the possibility of stagflation, which occurred, to a much greater degree, in the late 1970s and early 1980s. Stagflation By GRAHAM BOWLEY risks of recession. Past data 1970-1983 But in putting its emphasis above all on reviving growth, America's central bank, accord- ing to some economists and even a few Fed officials, may face a bigger inflation problem down the road. "They are cutting rates with a bill to be paid later," said John Ryding, chief United States Lately, many people are hear- ing an echo - faintly perhaps but distinctly audible - of the stagflation of the 1970s. Even as economic growth sags, oil and gasoline prices are surging to new heights. Gold is on the rise, along with the prices of such basic commod- ities'as wheat and steel. And on Wednesday, with the latest gov- economist at Bear Stearns. ernment report on consumer prices, there are signs that overall inflation, after years of only modest increases, may be breaking out of its box. For the Federal Reserve and its chairman, Ben S. Bernanke, all this could not come at a worse time. With the credit markets in disarray from the collapse of the housing bubble, Mr. Bernanke is cutting rates in a headlong rush to blunt the 79 76 Stagflation "The question is not, will we get inflation, but how much will it cost to stuff the genie back in the bottle. This has the feel of 1970s stagflation." Over the last 12 months, con- sumer prices are up 4.3 percent on average, according to the La- bor Department. The core index of consumer price inflation, which excludes food and oil, was 2.5 percent higher in Janu- Continued on Page 8 2001g1 02 2008? 81 03 07 1983 74 M1970g1 HIGH INELATION, 10 RĂ©cessions 75 Sources: Bureau of Economic Analysis, via Haver Analytics; Bureau of Labor Statistics THE NEW YORK TIMES

Economic data design

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This project is talking about Economic data design, relationship between GDP and Stagflation from 1970-2008.

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