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Demonetisation Anniversary: Fillip the economy with the Phillips Curve

Corporate Laws / Banking / SEBI - By: - Craig Dsilva - Dated:- 9-11-2017 - Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible. Paul Ormerod Before we commence let us understand t .....

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ore jobs and less unemployment. While there is a short run trade-off between unemployment and inflation, it has not been observed in the long run. The Phillips curve remains the primary framework for understanding and forecasting inflation used in ce .....

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re inflation and headline inflation. In this image, an economy can either experience 3% unemployment at the cost of 6% of inflation, or increase unemployment to 5% to bring down the inflation levels to 2%. It is exactly a year since demonetisation ha .....

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y. The GDP has been on the decline and was 5.7% for Q1 of 2017-18. It is expected to further decline in the next quarter. If there is slow economic growth, inflation will be low and hence unemployment will rise as per Phillips curve. Central bank chi .....

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ment. When this causes inflation to shoot up too high, they reduce the money supply, which results in lower inflation but also slightly higher unemployment. They try to maintain the level of unemployment at the non-accelerating inflation rate of unem .....

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. But this ranking has not factored in demonetisation impact on businesses. This exclusion raises questions on the basis of the doing business rankings, since such an economic exercise had significant impact on the businesses, both big and small whic .....

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