Why did it take long for rates to recover in the 1980s? - Professor Jagjit Chada

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A question from the lecture 'Recession and Recovery' by Professor Jagjit Chadha. https://www.gresham.ac.uk/short/why-did-it-take-longer-for-rates-to-recover-in-the-1980s-compared-to-previous-centuries/
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