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Policy makers are particularly concerned about the extent and speed of exchange rate pass-through into domestic prices. However, in recent times there seems to be a growing degree of disconnect between exchange rate changes and domestic consumer prices in general, or, for that matter, even into...
Persistent link: https://www.econbiz.de/10009321489
In India, there is a large divergence between CPI and WPI inflation trends in the past, wide dispersion in inflation … across commodity groups within WPI, and significant volatility in headline WPI inflation under the influence of supply shocks … policy could yield ambiguous results if inflation data used in such analyses have serious limitations. [Staff Studies]. …
Persistent link: https://www.econbiz.de/10008492229
attempts to provide some thoughts along these lines by looking at Myanmar’s official data on structure of GDP, inflation rate …
Persistent link: https://www.econbiz.de/10009493962
, Bank Rate and CRR kept unchanged. * GDP growth forecast at around 8.0 per cent during 2006-07. * Inflation to be contained …
Persistent link: https://www.econbiz.de/10005699240
When analyzing the appropriate response for monetary policy during a currency crisis it is important to keep in mind two distinct channels: (a) the impact of raising interest rates on exchange rates; and (b) the direct impact of exchange rate changes on output. The first pertains to the monetary...
Persistent link: https://www.econbiz.de/10005341684
A large number of studies in Nepal have been conducted to identify the factors responsible for inflation based on the … different theories of inflation. Although these studies provide insight into the determinants of inflation in the country, there … remain some unanswered questions: • Can inflation in Nepal be explained by the theoretical models as specified earlier …
Persistent link: https://www.econbiz.de/10009493972
The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international reserves scaled by the monetary base and nominal exchange rate appreciation.Domestic credit, the...
Persistent link: https://www.econbiz.de/10008543092
The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stance of monetary policy and evolving monetary conditions. The paper also constructs a "broad" MCI...
Persistent link: https://www.econbiz.de/10005487719
A brief overview is provided about India’s long-term growth performance. Then an attempt is made to set out the conditions for successful innovations. To assess the role of innovations in the Indian economy, the estimated contributions of productivity gains to real GDP growth is...
Persistent link: https://www.econbiz.de/10005341753
This Statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and projections. URL:[http://rbidocs.rbi.org.in/rdocs/notification/PDFs/APS030511F.pdf].
Persistent link: https://www.econbiz.de/10009323697