Monetary Policy And Inflation In India
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Monetary Policy And Inflation In India
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Author : Chand Sunil Nagpal
language : en
Publisher:
Release Date : 1982
Monetary Policy And Inflation In India written by Chand Sunil Nagpal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Inflation (Finance) categories.
Monetary Policy In India
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Author : Chetan Ghate
language : en
Publisher: Springer
Release Date : 2016-11-25
Monetary Policy In India written by Chetan Ghate and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-25 with Business & Economics categories.
This book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant attention from Indian and international macroeconomists over the last several years. Interest in how monetary policy influences economic performance and how monetary policy is conducted in India is growing. The prospects for further financial sector reform and ongoing inflation in India have sparked new interest in the role of money and monetary policy in India among economists, policy makers and students alike. The book should also interest economists outside India because it studies monetary economics in a major emerging market economy and makes advances in the analysis of how financial market imperfections and structural constraints influence the effects of monetary policy.
Food Inflation In India
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Author : Rahul Anand
language : en
Publisher: International Monetary Fund
Release Date : 2014-09-24
Food Inflation In India written by Rahul Anand and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-24 with Business & Economics categories.
Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are estimated to be large. This paper estimates the size of second-round effects using an estimated reduced-form general equilibrium model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation and core inflation decreases by about three fourths within one year as core inflation catches up with headline inflation. Large second-round effects stem from several factors, such as the high share of food in household expenditure and the role of food inflation in informing inflation expectations and wage setting. Analysis suggests that in order to durably reduce the current high inflation, the monetary policy stance needs to remain tight for a considerable length of time. In addition, progress on structural reforms to raise potential growth is critical to reduce the burden on monetary policy.
Inflation Expectations And Monetary Policy In India
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Author : Michael Debabrata Patra
language : en
Publisher: International Monetary Fund
Release Date : 2010-04-01
Inflation Expectations And Monetary Policy In India written by Michael Debabrata Patra and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-01 with Business & Economics categories.
This paper pursues a computationally intensive approach to generate future inflation, followed by an exploration of the determinants of inflation expectations by estimating a new Keynesian type Phillips curve that takes into account country-specific characteristics, the stance of monetary and fiscal policies, marginal costs and exogenous supply shocks. The empirical results indicate that high and climbing inflation could easily seep into people’s anticipation of future inflation and linger. There is a reputational bonus for monetary policy to act against inflation now rather than going for cold turkey when societal compulsions reach a critical mass.
A Monetary Policy Model Without Money For India
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Author : Michael Debabrata Patra
language : en
Publisher: International Monetary Fund
Release Date : 2010-08-01
A Monetary Policy Model Without Money For India written by Michael Debabrata Patra and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-01 with Business & Economics categories.
A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation is inertial and persistent when it sets in, irrespective of the source. Exchange rate pass-through to domestic inflation is low. Inflation turns out to be the dominant focus of monetary policy, accompanied by a strong commitment to the stabilization of output. Recent policy actions have raised the effective policy rate, but the estimated neutral policy rate suggests some further tightening to normalize the policy stance.
Taming Indian Inflation
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Author : Mr. Paul Cashin
language : en
Publisher: International Monetary Fund
Release Date : 2016-02-25
Taming Indian Inflation written by Mr. Paul Cashin and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-25 with Business & Economics categories.
High and persistent inflation in India has presented serious macroeconomic challenges, such as widening the current account deficit, exposing India to global financial market turbulence, and slowing growth. A number of factors have caused high inflation, including food inflation feeding quickly into wages and core inflation, entrenched inflation expectations, sector-specific supply constraints (particularly in agriculture, energy, and transportation), pass-through from a weaker rupee, and ongoing energy price increases. This book analyzes various facets of Indian inflation and their implications for the conduct of monetary policy in India. In particular, given the role of food inflation in driving inflation dynamics in India, several chapters are devoted exclusively to analyzing and managing food inflation. Building on the analysis of inflation dynamics, the book discusses the role of monetary policy in taming inflation, particularly given the costs of high and persistent inflation in India.
Alternative Monetary Policy Rules For India
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Author : Michael Debabrata Patra
language : en
Publisher: International Monetary Fund
Release Date : 2012-05-01
Alternative Monetary Policy Rules For India written by Michael Debabrata Patra and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-01 with Business & Economics categories.
This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of both rules and their hybrid version - setting a nominal output growth objective for monetary policy with an interest rate instrument - outperform contemporaneous and backward-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and discretion.
Inflation And India S Economic Crisis
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Author : Vijendra Kasturi Ranga Varadaraja Rao
language : en
Publisher: Delhi : Vikas Publishing House
Release Date : 1973
Inflation And India S Economic Crisis written by Vijendra Kasturi Ranga Varadaraja Rao and has been published by Delhi : Vikas Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with ECONOMIC CRISIS categories.
India. Monograph on the short term inflation crisis, its causes and economic policy recommendations - includes supply and demand factors influencing inflation, such as fiscal policy, monetary policy, price controls, the black market, a shrinking tax base, insufficient agricultural production and industrial production, etc. Statistical tables.
Monetary And Fiscal Actions In India
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Author : Udai Prakash Sinha
language : en
Publisher: Concept Publishing Company
Release Date : 2010
Monetary And Fiscal Actions In India written by Udai Prakash Sinha and has been published by Concept Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Economic development categories.
Inflation Forecast Targeting For India
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Author : Mr.Jaromir Benes
language : en
Publisher: International Monetary Fund
Release Date : 2017-03-03
Inflation Forecast Targeting For India written by Mr.Jaromir Benes and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-03 with Business & Economics categories.
India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other countries that adopted FIT to bring out insights on how credible policy with an emphasis on a strong nominal anchor can reduce the impact of supply shocks and improve macroeconomic stability. For illustrating the key issues given the unique structural characteristics of India and the policy options under an FIT framework, the paper describes an analytical framework using the core quarterly projection model (QPM). Simulations of the QPM are carried out to illustrate the monetary policy responses under different types of uncertainty and to bring out the importance of gaining credibility for improving monetary policy efficacy.