Conjuncture Cycles and Monetary Anomalies Are Unwelcome Guests for Sustainability

Economic cycles are not economic evils but rather healing agents for returning to equilibrium,just as inflation and deflation are not economic misfortunes but the sign of bad governance and a bitter medicine for returning to calm monetary.Unfortunately,signs of poor governance are mistaken for unfortunate events,but are instead tools offered to restore economic systems.Politics seeks consensus and does not accept the bitter cure of recession.Monetary policy is therefore called into question even if monetary anomalies also depend on errors in the management of the economy;the result is the gradual increase in interest rates.Is the idea that we can achieve the goal of complete neutrality with nature acceptable in a global economic framework pervaded by inflation and denunciation?Can we similarly argue that economic problems can coexist once the goal of neutrality has been achieved?The answer is negative.We must correct these anomalies and dysfunctions of the economy,which cannot coexist in the new context of complete and indefinite equilibrium of tomorrow.And not even the idea that conflicts can be resolved with war seems to find a place in the renewed scenario of neutrality.In this regard we can remember that,when we have reached the economic optimum of complete neutrality,or at least we are close to it,the most socially and economically advanced territories and continents will benefit from an acceleration of productivity and development.Scarcity itself will give way to the new,long-awaited reality.A condition that approaches the state of abundance and which will produce surpluses to be allocated to countries and territories that are struggling towards the condition of neutrality.The acceleration of lagging continents and the recovery of altered economic systems are therefore preconditions that can allow us to access the state of global neutrality.As we get closer to the great objective,it is to be believed that the pretense of regulating conflicts through war will also disappear.With the new reality of abundance,the economic reason for war disappears,while the aspiration of peoples-inscribed in their DNA-for solidarity and peaceful aggregation towards substantial unity becomes clear.

The Instability of the Economy Pre-financial Crisis —— Some Considerations on the Phillips Curve： It＇s Still Reliable

The paper tests the hypothesis that the traditional Phillips curve will have a new relevance today, though with very different purposes from those who have inspired research in the past. Therefore, we investigated the hypothesis that the traditional trade-off between inflation and unemployment can be ascertained during the period of abnormal real estate boom and whether there are differences in its manifestation. With the analytical method and econometric was ascertained the validity of the trade-off between inflation and unemployment in the period of serious instability of economic systems, in large part with both rising variables. Trade-off is absent in relatively stable economies. The Phillips relation is not an event that renews itself in all economic systems, regardless of time and space. On the contrary, it is a temporary phenomenon, which occurs when the economy is struggling with the upward trend in inflation. It should therefore be listed as a manifestation of the unstable state in which a system is subjected due to shock. In this context, the relationship Phillips can manifest itself in an independent manner, without there being a recognizable direction, so it can be a sort of signal that the engine of the economy is jamming. According to this view, therefore, the Phillips relationship could be reborn to new life, regaining value as a phenomenon generated by instability and therefore recognized as a marker that leaves its mark, when an economy is suffering.