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Taming Indian Inflation

Taming Indian Inflation »

Series: Books

Author(s): Paul Cashin , and Rahul Anand

Publisher: Rawat Publications

Publication Date: 25 February 2016

DOI: http://dx.doi.org/10.5089/9781513541259.071

ISBN: 9781513541259

Keywords: Inflation, Inflation persistence, Inflation targeting implementation, food, prices, demand, monetary policy

High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country's domestic and external vulnerabilities. A number of factors underpin India's high infla...

Central Bank Independence and Transparency

Central Bank Independence and Transparency »

Source: Central Bank Independence and Transparency : Evolution and Effectiveness

Volume/Issue: 2008/119

Series: IMF Working Papers

Author(s): Christopher Crowe , and Ellen Meade

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869798

Keywords: inflation, central bank, inflation targeting, monetary fund

This paper examines the current level of central bank independence (CBI) and transparency in a broad sample of countries using newly constructed measures, and looks at the evolution in both measures from an earlier...

The Greenbook and U.S. Monetary Policy

The Greenbook and U.S. Monetary Policy »

Source: The Greenbook and U.S. Monetary Policy

Volume/Issue: 2004/213

Series: IMF Working Papers

Author(s): Robert Tchaidze

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

ISBN: 9781451874976

Keywords: Taylor rule, real-time data, inflation, real interest rate, inflation target, inflation response,

Although very attractive both theoretically and empirically, Taylor rules imply mechanical responses by the policy variable (interest rate) to fundamental ones (inflation and output gap). This study looks for empir...

Inflation Co-Movement in Emerging and Developing Asia: The Monsoon Effect

Inflation Co-Movement in Emerging and Developing Asia: The Monsoon Effect »

Source: Inflation Co-Movement in Emerging and Developing Asia: The Monsoon Effect

Volume/Issue: 2019/147

Series: IMF Working Papers

Author(s): Patrick Blagrave

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 July 2019

ISBN: 9781498321761

Keywords: Nominal effective exchange rate, Inflation targeting, Inflation rates, Inflation expectations, Monetary policy, Inflation, spillovers, co-movement, weather, core inflation

Co-movement (synchronicity) in inflation rates among a set of 13 emerging and developing countries in Asia is shown to be strongest for the food component, partly due to common rainfall shocks-a result which the pa...

What Measure of Inflation Should a Developing Country Central Bank Target?1

What Measure of Inflation Should a Developing Country Central Bank Target?1 »

Source: What Measure of Inflation Should a Developing Country Central Bank Target?

Volume/Issue: 2015/205

Series: IMF Working Papers

Author(s): Rahul Anand , Eswar Prasad , and Boyang Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

ISBN: 9781513572574

Keywords: monetary policy framework, core inflation, headline inflation, financial frictions, inflation, economies, welfare, Monetary Policy (Targets, Instruments, and Effects),

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of d...

Chapter 1. Inflation Dynamics in India: What Can We Learn from Phillips Curves?

Chapter 1. Inflation Dynamics in India: What Can We Learn from Phillips Curves? »

Source: Taming Indian Inflation

Series: Books

Author(s): Paul Cashin , and Rahul Anand

Publisher: Rawat Publications

Publication Date: 25 February 2016

ISBN: 9781513541259

Keywords: Inflation, Inflation persistence, Inflation targeting implementation, food, prices, demand, monetary policy

Inflation in India trended higher from the mid-2000s after being low for decades and below levels in other emerging markets. It reached 10–11 percent by 2008 and remained elevated for several years. Even tho...

Chapter 2. Reconsidering the Role of Food Prices in Inflation

Chapter 2. Reconsidering the Role of Food Prices in Inflation »

Source: Taming Indian Inflation

Series: Books

Author(s): Paul Cashin , and Rahul Anand

Publisher: Rawat Publications

Publication Date: 25 February 2016

ISBN: 9781513541259

Keywords: Inflation, Inflation persistence, Inflation targeting implementation, food, prices, demand, monetary policy

This chapter analyzes the dynamics of food and nonfood inflation to assess the appropriateness of minimizing or excluding food inflation in measures of core inflation, particularly in developing economies su...

Chapter 3. Food Inflation in India

Chapter 3. Food Inflation in India »

Source: Taming Indian Inflation

Series: Books

Author(s): Paul Cashin , and Rahul Anand

Publisher: Rawat Publications

Publication Date: 25 February 2016

ISBN: 9781513541259

Keywords: Inflation, Inflation persistence, Inflation targeting implementation, food, prices, demand, monetary policy

Investigating the primary drivers of food price inflation in India is important given its high level and persistence. As Cecchetti (2007) argues, ignoring food and energy prices, particularly in recent times...

Chapter 4. Understanding India’s Food Inflation Through the Lens of Demand and Supply

Chapter 4. Understanding India’s Food Inflation Through the Lens of Demand and Supply »

Source: Taming Indian Inflation

Series: Books

Author(s): Paul Cashin , and Rahul Anand

Publisher: Rawat Publications

Publication Date: 25 February 2016

ISBN: 9781513541259

Keywords: Inflation, Inflation persistence, Inflation targeting implementation, food, prices, demand, monetary policy

Food inflation in India, unlike in many advanced economies, has had a nontrivial impact on aggregate retail inflation. This reflects, among other things, the large share of food expenditure in total househol...

Chapter 5. Does Inflation Slow Long-Term Growth in India?

Chapter 5. Does Inflation Slow Long-Term Growth in India? »

Source: Taming Indian Inflation

Series: Books

Author(s): Paul Cashin , and Rahul Anand

Publisher: Rawat Publications

Publication Date: 25 February 2016

ISBN: 9781513541259

Keywords: Inflation, Inflation persistence, Inflation targeting implementation, food, prices, demand, monetary policy

The inflation-growth trade-off and the role of monetary policy in India have received renewed interest among policymakers and academics in recent years as persistently high inflation and weak growth happened...