Download or read book Pricing and Inflation in India written by Pulapre Balakrishnan and published by Oxford University Press, USA. This book was released on 1991 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines inflation in the Indian economy from 1950 to 1980. It emphasizes modelling price behavior in the principal productive sectors of the economy. Within its clearly defined model selection, this work decisively counterposes alternative explanations of inflation.
Download or read book Taming Indian Inflation written by Mr. Paul Cashin and published by International Monetary Fund. This book was released on 2016-02-25 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Food Inflation in India written by Rahul Anand and published by International Monetary Fund. This book was released on 2014-09-24 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Monetary Policy and Inflation in India written by Chand Sunil Nagpal and published by . This book was released on 1982 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding India s Food Inflation written by Rahul Anand and published by International Monetary Fund. This book was released on 2016-01-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently-high food inflation. This paper investigates the demand and supply factors behind the contribution of relative food inflation to headline CPI inflation. It concludes that in the absence of a stronger food supply growth response, food inflation may exceed non-food inflation by 21⁄2–3 percentage points per year. The sustainability of a long-term inflation target of 4 percent under India’s recently-adopted flexible inflation targeting framework will depend on enhancing food supply, agricultural market-based pricing, and reducing price distortions. A well-designed cereal buffer stock liquidation policy could also help mitigate food inflation volatility.
Download or read book Inflation and India s Economic Crisis written by Vijendra Kasturi Ranga Varadaraja Rao and published by Delhi : Vikas Publishing House. This book was released on 1973 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Inflation in Emerging and Developing Economies written by Jongrim Ha and published by World Bank Publications. This book was released on 2019-02-24 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
Download or read book Taming Indian Inflation written by Rahul Anand and published by . This book was released on 2016 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Consumer Price Index Manual 2020 written by Brian Graf and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-19 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Consumer Price Index Manual: Concepts and Methods contains comprehensive information and explanations on compiling a consumer price index (CPI). The Manual provides an overview of the methods and practices national statistical offices (NSOs) should consider when making decisions on how to deal with the various problems in the compilation of a CPI. The chapters cover many topics. They elaborate on the different practices currently in use, propose alternatives whenever possible, and discuss the advantages and disadvantages of each alternative. The primary purpose of the Manual is to assist countries in producing CPIs that reflect internationally recommended methods and practices.
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Download or read book India s Inflation Process Before and After Flexible Inflation Targeting written by Patrick Blagrave and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the inflation process in India, focusing on the periods before and after the adoption of flexible inflation-forecast targeting (FIT) in India. Our analysis uses several approaches including standard Phillips curve estimation for headline and core inflation, an examination of the sensitivity of medium-term inflation expectations to inflation surprises, and the properties of convergence between headline and core inflation. Results indicate an important role for domestic factors in driving the inflation process, and there is evidence that expectations have become more anchored since 2015. This result could be attributable to FIT adoption, or to persistently low food prices which dominate the post-FIT-adoption period. The policy implications of these structural changes in the inflation process are investigated using a semi-structural model calibrated to the Indian economy.
Download or read book Modeling and Forecasting Inflation in India written by Mr. Tim Callen and published by International Monetary Fund. This book was released on 1999-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Reserve Bank of India (RBI) has moved away from a broad money target toward a “multiple indicators” approach to the conduct of monetary policy. In adopting such a framework, it is necessary to know which of the many potential indicators provide the most reliable and timely information on future developments in the target variable(s). This paper assesses which indicators provide the most useful information about future inflationary trends. It concludes that while the broad money target has been de-emphasized, developments in the monetary aggregates remain an important indicator of future inflation. The exchange rate and import prices are also relevant, particularly for inflation in the manufacturing sector.
Download or read book Consumer Price Index Manual written by International Labour Office and published by International Labour Organization. This book was released on 2004-08-25 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Download or read book Indian Economy Reviews And Commentaries Vol Ii written by Venkitaramanan S and published by ICFAI Books. This book was released on 2003-08-15 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The state of our economy, the role of the state and markets are widely discussed topics. These debates are based on the expectations that economic policies and practices would improve. This is due to centuries of experience in farming, construction, fabri
Download or read book International Finance written by G. Shailaja and published by Universities Press. This book was released on 2008 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Survey 2018 19 written by Ministry of Finance Government of India and published by Oxford University Press. This book was released on 2019-09-12 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic Survey is the budget document of the Government of India, which is presented in parliament every year. It presents the state of affairs of the Indian economy. Economic Survey 2018-19 consists of two volumes, which analyse the performance of the Indian economy for the financial year 2018–19.
