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Goldilocks economy

📈 Economics By CampusDown Wiki Editorial Team Last updated
A Goldilocks economy is “not too hot, not too cold”: moderate growth, stable prices and low unemployment.
Contents
  1. 1. Overview
  2. 2. Frequently asked questions
  3. 3. References

Overview

Named after the fairy tale in which Goldilocks picks porridge that is “just right”, a Goldilocks economy combines moderate growth, low and stable inflation and low unemployment. The phrase spread after Salomon Brothers economist David Shulman used it in 1992; the late-1990s US is a classic example. A successful soft landing moves towards it. Contrast stagflation (stagnation with inflation) and deflation.

Frequently asked questions

Does it last?
Rarely for long; overheating or bubbles can follow.

References

  1. Shulman, D. (1992). The Goldilocks economy: Keeping the bears at bay. Salomon Brothers research note.
  2. Blanchard, O. Macroeconomics. Pearson.
  3. Board of Governors of the Federal Reserve System. Monetary policy: dual mandate.

Reports and materials that use this theory (Korean)

There are no materials dedicated to this theory yet, but you can search related reports in the CampusDown library (Korean).

Find more reports · Search '골디락스 경제' on CampusDown →
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This article was last updated on October 24, 2026. It is based on widely recognized original works and textbooks; when citing it in a paper, please check the original sources listed in the references.