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Intermediate

Understanding Inflation Regimes Through Different Historical Eras

A history-driven framework for reading inflation as a regime, not just a monthly print. Built for investors and finance professionals who already know what CPI is but want to understand why inflation behaves so differently across eras, and what that means for portfolios. Covers the mechanics of demand-pull, cost-push, and monetary inflation, the global classics (Weimar hyperinflation, the 1970s US stagflation, and Volcker's disinflation), India's own inflation history (the License Raj years, the 1991 BoP crisis, the 2000s moderation under inflation targeting, the 2013 taper tantrum, and the 2021-23 post-COVID inflation fight), and closes with a practical playbook for which assets tend to win in which regime and how to spot a regime shift early using Indian market signals.

Inflation Regimes vs Headline InflationDemand-Pull, Cost-Push, and Monetary InflationWeimar Hyperinflation1970s Stagflation and the Volcker DisinflationIndia's License Raj Inflation1991 Balance of Payments CrisisRBI Inflation Targeting2013 Taper TantrumPost-COVID Global InflationInflation-Regime Investing

MODULES

5

DURATION

~3 hrs

TRACK

Macro & Markets

What You'll Master

Distinguish an inflation regime from a headline CPI print, and identify demand-pull, cost-push, and monetary drivers behind it

Explain how Weimar Germany's hyperinflation and the 1970s US stagflation unfolded, and how Volcker's Fed broke the inflation cycle

Trace India's own inflation history from the License Raj era through the 1991 BoP crisis to RBI's formal inflation-targeting regime

Analyze the 2013 taper tantrum and the 2021-23 post-COVID inflation surge as imported and domestic regime shocks

Identify which asset classes (equities, gold, bonds, real estate) tend to outperform in each type of inflation regime

Build a practical checklist of Indian market signals that flag an inflation regime shift before it shows up in the CPI print

Access Level

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Everything included

Full Text Playbooks

Actionable Exercises

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Curriculum Breakdown

Chapter 1: What Is an Inflation Regime?

3 Lessons

Inflation Regimes vs. Headline Inflation: A Framework11 min read

Demand-Pull, Cost-Push, and Monetary Inflation: The Three Engines12 min read

How Economists and Central Banks Read a Regime Shift: CPI, WPI, and Core Inflation11 min read

Chapter 2: The Global Classics

3 Lessons

Weimar Germany, 1921-23: Hyperinflation and the Death of a Currency13 min read

The 1970s Great Inflation: Oil Shocks, Wage-Price Spirals, and US Stagflation12 min read

Volcker's Disinflation: How the Fed Broke the Back of Inflation in the Early 1980s12 min read

Chapter 3: India's Own Inflation Eras

3 Lessons

License Raj Inflation: India's High-Inflation, Low-Growth Decades12 min read

The 1991 Balance of Payments Crisis and the Inflation Shock of Liberalization12 min read

The 2000s Moderation: How Formal Inflation Targeting Changed the RBI's Playbook12 min read

Chapter 4: The Post-2008 and Post-COVID Regimes

3 Lessons

The 2013 Taper Tantrum: Imported Inflation and the Rupee Under Pressure12 min read

2021-22 Global Inflation: Supply Chains, Stimulus, and the Return of Inflation Fear12 min read

RBI's Response: The MPC, Repo Rate Hikes, and India's 2022-23 Inflation Fight12 min read

Chapter 5: Reading Regimes as an Investor

3 Lessons

Which Assets Win in Which Regime: Equities, Gold, Bonds, and Real Estate13 min read

Inflation-Protected Investing in India: What Actually Works, and What Doesn't12 min read

Spotting a Regime Shift Before the Market Does: A Practical Checklist12 min read