Category Archives: Inflation

Inflation targeting at the crossroads: Evidence from post-communist economies during the crisis

Posted on May 17, 2013 by Gopakumar

by Marjan Petreski MPRA Paper no.47018, May 2013 The objective of this paper is to assess if inflation targeting post-communist economies performed better, in terms of output growth, during the crisis than their non-inflation targeting counterparts. The paper also puts … Continue reading →

Posted in Economic crisis, Inflation | Comments Off

Is There a New Normal for Inflation?

Posted on March 14, 2013 by Gopakumar

by D. Subbarao  (Speech delivered by Dr. D. Subbarao, Governor, Reserve Bank of India at the Bankers’ Club, New Delhi on March 8, 2013. ) India recovered from the global financial crisis ahead of most other countries, but inflation too … Continue reading →

Posted in Global Crisis, India, Inflation | Comments Off

Purchasing Power Parity, Wages and Inflation in Emerging Markets

Posted on November 20, 2012 by Gopakumar

by Ashima Goyal IGIDR Working Paper No.2012-025, November 2012 Persistent deviation of real exchange rates from purchasing power parity (PPP) values is a puzzle, since nominal shocks, which cause such deviation, are expected to have only short-run effects. If some … Continue reading →

Posted in Emerging Economies, India, Inflation, Wages | Comments Off

The Importance of Inflation Expectations

Posted on November 14, 2012 by Gopakumar

by Deepak Mohanty Speech by Shri Deepak Mohanty, Executive Director, Reserve Bank of India at S.P. Jain Institute of Management & Research, Mumbai, November 9, 2012) he relevant literature identifies two ways of forming inflation expectations. The first is a … Continue reading →

Posted in India, Inflation | Comments Off

Choice of Monetary policy regime in US (Inflation targeting )

Posted on November 6, 2012 by Librarian

By Prasoon S Majumdar In the intellectual world a new theory called the Chaos Theory recognizes that the real world is unpredictable and is rarely controlled. It suggests that systems naturally get more complex; as these systems become more complex … Continue reading →

Posted in Economics, Inflation, Monetary Policy, United States | Comments Off

How Inflation Aff ects Macroeconomic Performance: An Agent-Based Computational Investigation

Posted on October 13, 2012 by Sivakumar

by Quamrul Ashraf, Boris Gershman and Peter Howitt We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate … Continue reading →

Posted in Inflation | Comments Off

The Relationship between Inflation, Inflation Uncertainty and Output Growth in India

Posted on September 5, 2012 by Anitha

Bipradas Rit W.P. No: EC-12-11 Friedman’s hypothesis regarding the relationship between inflation, inflation uncertainty and output growth states that full employment policy objective of the government tends to increase the rate of inflation which increases the uncertainty about the future … Continue reading →

Posted in Growth, Inflation | Comments Off

Inflation in India Who cares about the price of onions? The fight against inflation has left India’s central bank in a lonely place

Posted on September 4, 2012 by Librarian

Aug 25th 2012 | MUMBAI INDIA has a proud record on inflation. Between independence in 1947 and 2000, prices rose in double digits only 21% of the time, mainly during the oil shocks of the 1970s. Accepted wisdom is that … Continue reading →

Posted in Economics, Inflation | Comments Off

Fiscal Stance, Credibility and Inflation Persistence in India

Posted on August 4, 2012 by Librarian

Pankaj Kumar and Pratik Mitra W P S (DEPR) : 13 / 2012 RBI WORKING PAPER SERIES Abstract In the recent past India has experienced high and persistent inflation. In response the Reserve Bank of India cumulatively raised the cash … Continue reading →

Posted in Fiscal policy, Inflation | Comments Off

Journal of Post Keynesian Economics,Volume 34, Number 4 / Summer 2012

Posted on July 31, 2012 by Librarian

Articles Lessons not learned: from the collapse of Long-Term Capital Management to the subprime crisis by Nigel F. B. Allington, John S. L. McCombie and Maureen Pike The Post Keynesian retort to “After the Washington Consensus” by John Marangos The … Continue reading →

Posted in Inflation, JOURNAL, Keynes | Comments Off