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, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and … GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross …
Persistent link: https://www.econbiz.de/10011142122
. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality … structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery. …
Persistent link: https://www.econbiz.de/10011242869
in terms of the sectoral savings-investment balance. Persistently high inflation is found to have depressed real returns … outward spillovers to and from India. The results show that output shocks emanating in globally systemic countries have … important global effects, but their impact on India is limited. It is found that shocks originating in India have relatively …
Persistent link: https://www.econbiz.de/10011243777
that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate …
Persistent link: https://www.econbiz.de/10010959475
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Persistent link: https://www.econbiz.de/10005824848
This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a...
Persistent link: https://www.econbiz.de/10005824861
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
This study examines external and domestic influences on Latin America’s economic performance over the past decade and a half. It notes that over the past few years, macroeconomic policies have strengthened and structural reforms have been implemented. Together with a favorable external...
Persistent link: https://www.econbiz.de/10005824870
Several years of high inflation rates have negatively affected economic conditions in Angola. Macroeconomic …
Persistent link: https://www.econbiz.de/10005824891