Inflation & unemployment in vietnam

INFLATION & UNEMPLOYMENT IN VIETNAM WHAT IS THE CONNECTION ? Tut2-TR08 : Pham Que Duong Hoang Thi My Bui Thu Trang Doan Thi Thoa

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VIETNAM STATISTICS 199 6-2010 Year Inflation rate(%) Unemployment rate(%) 1996 4.5 5.88 1997 3.6 6.01 1998 9.2 6.85 1999 0.1 6.74 2000 -0.6 6.42 2001 0.8 6.28 2002 4 6.01 2003 3 5.78 2004 9.5 5.6 2005 8.4 5.31 2006 6.6 4.82 2007 12.6 4.64 2008 4.5 4.65 2009 7 4.66 2010 4.5 4.65

HOW DO INFLATION & UNEMPLOYMENT RELATE? ,[object Object],[object Object],[object Object],[object Object],[object Object]

THE PHILLIPS CURVE ,[object Object],[object Object],[object Object],[object Object],[object Object]

Quantity of Output 0 ,[object Object],[object Object],Unemployment Rate (percent) 0 Inflation Rate (percent per year) Price Level ( b) The Phillips Curve Copyright © 2004 South-Western Short-run aggregate supply Phillips curve Low aggregate demand High aggregate demand (output is 8,000) B 4 6 (output is 7,500) A 7 2 8,000 (unemployment is 4%) 106 B (unemployment is 7%) 7,500 102 A

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CHANGES IN EXPECTATION & THE STAGFLATION PHASE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Stagflation periods in Vietnam ,[object Object],[object Object],[object Object],[object Object]

THE RECOVERY PHASE ,[object Object],[object Object],[object Object],[object Object],[object Object]

LONG-RUN RELATIONSHIP ,[object Object],[object Object],[object Object],[object Object],[object Object]

Unemployment Rate 0 Natural rate of unemployment Inflation Rate Long-run Phillips curve Copyright © 2004 South-Western B High inflation Low inflation A 2. . . . but unemployment remains at its natural rate in the long run. 1. When the Fed increases the growth rate of the money supply, the rate of inflation increases . . .

Inflation & unemployment in vietnam

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Inflation & unemployment in vietnam