Definition

Adjective: * Characteristic of or promoting stagflation. Describes an economic condition or a policy that leads to or is typical of stagflation, which is a period of slow economic growth (stagnation) combined with high unemployment and high inflation.

Usage

The adjective "stagflationary" is used to describe economic phenomena, pressures, or policies that are associated with or likely to cause stagflation.

Examples

• The central bank is worried about stagflationary pressures building in the economy.
• The oil price shock had a stagflationary effect, slowing growth while pushing prices higher.
• Some economists argue that the proposed policy mix is stagflationary and should be avoided.

Advanced Usage

• Stagflationary Spiral: A self-reinforcing cycle where rising prices and stagnant demand feed into each other, worsening both inflation and unemployment.
• Stagflationary Environment/Period: Used to characterize a specific timeframe or overall economic climate defined by stagflation.

Variants and Related Words

• Stagflation (noun): The economic condition itself, combining stagnation and inflation.
• Stagflationist (noun/adjective): A person who believes in or advocates theories related to stagflation; or, relating to such theories.

Synonyms

• Inflationary-stagnant (descriptive phrase, not a single word)

Antonyms

• Disinflationary (tending to reduce inflation)
• Growth-promoting
• Expansionary (tending to stimulate economic growth)

Adjective

1. characteristic of or promoting stagflation