Showing 1 - 10 of 10
difference in convergence depending on the level of aggregation. While aggregate national inflation rates are diverging …, disaggregate inflation rates are converging. We find that aggregation appears to bias evidence towards non-convergence. Our results …
Persistent link: https://www.econbiz.de/10005549044
Stylized facts for South Asia show the dominance of supply shocks, amplified by macroeconomic policies and procyclical current accounts. Interest and exchange rate volatility rose initially on liberalization, but fell as markets deepened. A gradual middling through approach to openness and...
Persistent link: https://www.econbiz.de/10009365476
Stylized facts for South Asia show the dominance of supply shocks, amplified by macroeconomic policies and procyclical current accounts. Interest and exchange rate volatility rose initially on liberalization, but fell as markets deepened. A gradual middling through approach to openness and...
Persistent link: https://www.econbiz.de/10008500235
The paper examines the restructuring of expenditure in the first budget of the new government, and its feasibility. It compares the increase in budget allocations for key macroeconomic aggregates and sectoral plan outlays for the BJP and UPAII interim budget, and the change from the interim...
Persistent link: https://www.econbiz.de/10010903911
Half of the world’s population—3 billion people—lives below the poverty line, and Asia has the largest share. In pursuit of sustainable economic development and poverty alleviation, there is great potential among low-income households for green consumption, production,...
Persistent link: https://www.econbiz.de/10011278123
Half of the world’s population—3 billion people—lives below the poverty line, and Asia has the largest share. In pursuit of sustainable economic development and poverty alleviation, there is great potential among low-income households for green consumption, production,...
Persistent link: https://www.econbiz.de/10011278237
In this paper we assess the record of different post reform governments in meeting their targets and improving both delivery and finances. A variety of indices are constructed, and consistency checks devised to measure relative performance. No government has achieved its targets, but the...
Persistent link: https://www.econbiz.de/10009365524
In this paper we assess the record of different post reform governments in meeting their targets and improving both delivery and finances. A variety of indices are constructed, and consistency checks devised to measure relative performance. No government has achieved its targets, but the...
Persistent link: https://www.econbiz.de/10008590957
This paper examines the issue of fiscal sustainability in emerging market countries and industrial countries. We highlight the importance of the time series properties of the primary surplus and debt, and find evidence of a positive long run relationship. Consequently we emphasise, that...
Persistent link: https://www.econbiz.de/10005811778
Since a crisis is a shock impinging on a system, the response can be used to deduce aspects of the system's structure. Analysis of the crisis and recovery suggests aggregate supply in India is elastic but subject to upward shocks. This has implications for the exit and for fiscal consolidation....
Persistent link: https://www.econbiz.de/10008831577