Understanding the Inflation-Unemployment Dynamics in Canada
The rate of inflation has been termed to be directly proportionate to economic activity, with the increase in economic activity leading to higher levels of inflation. Central Banks have used this relationship to formulate interest rates and understand the inflation–unemployment dynamics in many countries. Dr Adviti Devaguptapu, Assistant Professor from the Department of Economics, has published an interesting study in her paper titled “Phillips Curve in Canada: A Tale of Import Tariff and Global Value Chain”, where she examines the relationship between inflation-economic activity in Canada to better understand the correlation between inflation and unemployment rates.
Abstract
The paper examines the Phillips curve for Canada from June 1976 to October 2022 in a time-varying manner. The findings reveal that the impulse response of inflation to the changes in the unemployment rate gap has reduced over time till 2010 and strengthened thereafter. The response of inflation to the changes in the unemployment rate gap has increased in short and medium horizons after 2010. On further examination, it is found that the changes in both average import tariff and forward participation in the global value chain have reduced the inflation response to the changes in the unemployment rate gap.
Social Implications of the Research
Inflation-targeting central banks should have to put more (less) effort into achieving price stability in the medium run when the change in the level of inflation to the changes in the unemployment rate gap is more (less).
Dr Adviti’s research works towards developing quality-adjusted inflation in India – the need for it and the challenges in recording it.
Link to the article
- Published in Departmental News, Economics Current Happenings, Economics News, News, Research News
AESEE 2024 Receives Grants from the Ministry of Jal Shakti
The Department of Environmental Science and Engineering is thrilled to share the exciting news regarding its upcoming 1st International Conference on Advances in Environmental Sustainability, Energy, and Earth Science (AESEE 2024). The Department of Water Resources, River Development, & Ganga Rejuvenation (DoWR, RD & GR), the Ministry of Jal Shakti, have generously sanctioned Rs. 5 lakhs to support this groundbreaking event.
The International Conference scheduled to take place from March 14 – 16, 2024 aims to explore innovative advancements in science and technology while promoting inclusive growth across various sectors. This collaborative approach between environmentalists and the academic community will ensure a sustainable future.
The financial grant sanctioned in this regard underscores the importance of AESEE 2024 and highlights the commitment of the Department to advancing knowledge in the field. AESEE 2024 promises to facilitate meaningful discussions, bringing together diverse stakeholders to contribute to a more sustainable and interconnected future.
- Published in Departmental News, ENVS News, News
NSS Cell Illuminates Women on Menstrual Hygiene
In a dedicated effort towards community welfare, the NSS Cell of SRM University-AP orchestrated a transformative awareness session on Menstrual Hygiene for rural women. Delivered by our esteemed University Counsellors, the session aimed to empower and educate women from nearby villages on essential menstrual hygiene practices.
The engaging session delved into addressing the challenges faced by these women and dispelling myths surrounding menstruation. Harnessing the power of videos and captivating story narrations, the University Counsellors brought forth crucial information to raise awareness about this natural biological process.
Despite menstruation being a universal phenomenon, many rural women grapple with inadequate knowledge and resources, resulting in health complications, social stigma, and daily life limitations. The NSS Cell’s initiative sought to bridge this knowledge gap and provide practical insights.
Despite menstruation being a universal phenomenon, many rural women grapple with inadequate knowledge and resources, resulting in health complications, social stigma, and daily life limitations. The NSS Cell’s initiative sought to bridge this knowledge gap and provide practical insights.Through impactful story narrations, the session aimed to instill a sense of empowerment and confidence among the women, enabling them to manage menstruation with dignity. The Counsellors addressed prevalent myths surrounding menstruation, fostering an environment of openness, and understanding to eliminate social stigmas. Utilizing the visual medium, informative videos were showcased to provide a comprehensive understanding of menstrual hygiene practices. The overarching goal of this initiative was to ensure that every woman, irrespective of her background, gains access to vital information and resources for a healthier, stigma-free life.
SRM University-AP remains committed to its role as a catalyst for positive change, uplifting communities, and fostering holistic well-being.
- Published in Departmental News, News, student affairs news
NITTTR Faculty Development Programme : Empowering Polytechnic Educators
The National Institute of Technical Teachers’ Training and Research (NITTTR), Chennai conducted a six-day transformative Faculty Development Programme (FDP) at SRM University-AP. The FDP is tailored for Polytechnic educators from across the state of Andhra Pradesh. This initiative aligns with the NITTTR’s recent educational reforms, specifically the revamping of their curricula. Distinguished guests, including Director of Technical Education and IAS officer Ms C Naga Rani; SRM University-AP Vice Chancellor, Prof. Manoj K Arora; and Prof. Nagendra Rao, a distinguished Professor at NITTTR, Chennai along with other senior members of the fraternity graced the occasion.
In an inspiring address, Prof. Arora urged educators to transcend the conventional role of a teacher. He stated, “Do not take teaching as a mere job, a teacher is no more just a teacher, he/she is also a facilitator and mentor.” He stressed upon the importance of collaborative learning, encouraging educators to work hand in hand with students.
Furthermore, Prof. Arora extended the varsity’s support to the delegates in utilising the services of the university’s Teaching and Learning Centre (TLC), a platform that equips the faculty and students to enhance and evolve the teaching and learning pedagogy.
The Director of Technical Education in her address stated the need to regard “the youth as the symbol of the nation’s energy and hope.” She implored the educators to motivate more female students to pursue technical education. Prof. Nagendra Rao elucidated the manifold benefits the FDP brings to faculty and, consequently, the students.
- Published in News