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Inflation, growth and employment in South Africa: Trends and trade-offs

Author

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  • Cobus Vermeulen

Abstract

It is often publicly contended that overly strict application of inflation targeting stifles employment growth in South Africa, with the Phillips curve often cited as seemingly authoritative reference. This paper revisits this debate and argues that the Phillips curve has often been misinterpreted and subsequently applied incorrectly. Furthermore, this paper investigates the effect of inflation […]

Suggested Citation

  • Cobus Vermeulen, 2015. "Inflation, growth and employment in South Africa: Trends and trade-offs," Working Papers 547, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:547
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_547.pdf
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    Citations

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    Cited by:

    1. Mutascu, Mihai, 2021. "Artificial intelligence and unemployment: New insights," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 653-667.
    2. Aylin ?dikut ?zpen?e, 2017. "Economic Stability and Growth: The Case of Turkey," Research in Applied Economics, Macrothink Institute, vol. 9(4), pages 41-63, December.
    3. Taderera, Christie & Runganga, Raynold & Mhaka, Simbarashe & Mishi, Syden, 2021. "Inflation, interest rate and economic growth nexuses in SACU countries," MPRA Paper 105419, University Library of Munich, Germany.
    4. Chipeta Chama & Meyer Daniel Francois & Muzindutsi Paul-Francois, 2017. "The Effect of Exchange Rate Movements and Economic Growth on Job Creation," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 62(2), pages 20-41, August.
    5. Ebenezer Olamide & Kanayo Ogujiuba & Andrew Maredza, 2022. "Exchange Rate Volatility, Inflation and Economic Growth in Developing Countries: Panel Data Approach for SADC," Economies, MDPI, vol. 10(3), pages 1-19, March.
    6. Tarek Kacemi & Sallahuddin Hassan, 2018. "Causal Linkage between Inflation and Unemployment: An evidence from the Selected MENA Countries," Pakistan Journal of Humanities and Social Sciences, International Research Alliance for Sustainable Development (iRASD), vol. 6(1), pages :121-131, March.

    More about this item

    Keywords

    Development Economics; econometric modelling; economic theory; Employment; Inflation; Labour Market;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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