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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
This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation … macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show …
Persistent link: https://www.econbiz.de/10005826652
Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is … discarded. Therefore, we propose a new type of core inflation measure, one that takes simultaneously into account both …
Persistent link: https://www.econbiz.de/10011144610
expectations to provide a comparison of inflation persistence in Brazil with a sample of inflation targeting (IT) countries. This … approach suggests that inflation persistence increased in Brazil through early 2013, in contrast to many of its IT peers …Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its …
Persistent link: https://www.econbiz.de/10011123875
This Selected Issues paper analyzes pace of economic growth for Brazil. Moderating activity and stubbornly elevated … inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that …
Persistent link: https://www.econbiz.de/10011242465
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy. Using instrumental variable techniques to deal with potential endogeneity, we...
Persistent link: https://www.econbiz.de/10011242236
This paper assesses the extent to which Sub-Saharan Africa (SSA)’s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSA’s business cycle has not only moved in the same direction as that of the RoW, but has also gradually drifted away...
Persistent link: https://www.econbiz.de/10011142171
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
. 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