Why did it take longer for rates to recover in the 1980's compared to previous centuries?

A question from the lecture 'Recession and Recovery' by Professor Jagjit Chadha from the series 'Where are we after the Storm? The UK Economy in the Aftermath of Financial Crisis'.

Jagjit Chadha

Professor Jagjit Chadha

Mercers’ School Memorial Professor of Business

Jagjit Chadha was the Mercers’ School Memorial Professor of Commerce at Gresham College from 2014-2018.

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