Classifier Instance:

Anchor text: Paul Volcker
Target Entity: Paul_Volcker
Preceding Context: Prior to the Reagan administration, the United States economy experienced a decade of rising unemployment and inflation, (known as stagflation). Political pressure favored stimulus resulting in an expansion of the money supply. President Richard Nixon's wage and price controls were abandoned. The federal oil reserves were created to ease any future short term shocks. President Jimmy Carter started phasing out price controls on petroleum, while he created the Department of Energy. Much of the credit for the resolution of the stagflation is given to two causes: a three year contraction of the money supply by the Federal Reserve Board under
Succeeding Context: , initiated in the last year of Carter's presidency, and long term easing of supply and pricing in oil during the 1980s oil glut.
Paragraph Title: Historical context
Source Page: Reaganomics

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