In other words, a flattening of the Phillips curve could be confused with a mismeasurement of slack or a parallel shift of the complete curve. Indeed, there is considerable uncertainty regarding the degree of slack in the economy. One reason for this is that productive capacities may have been positively affected by labour market reforms.
It was in that context that the idea of establishing a stock exchange was conceived, not just to facilitate capital raising but also to accord Malawians the opportunity to participate in the creation of wealth through investments in stock and debt instruments.