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...

A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI. Focus is also given on different secondary (derived) measures of inflation, particularly core inflation, and end the discussion with some thoughts on the way forward. [Speech...

Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying firms as SME and large, this paper finds a strong evidence for the existence of net worth channel...

This study analyses the behaviour of monetary and fiscal policies interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that, even after the elimination of automatic monetisation of fiscal deficit in 1997 and prohibiting RBI from buying government securities in the primary...

This report reviews the input and output policies for cereals implemented in Pakistan during the period 1996–2010. Pakistan has a long and varied history of intervening in farm input and output markets, going back decades before the period under review. [IFPRI Discussion Paper 01223]....

Statistics is used in our day to day life. Examples are there to show that statistics is misused in many. This can happen when people are information illiterate. [Address at DST-CIMS, BHU on Mar 20, 2012 as part of the 150th Birth Aniversary Celebrations of Mahanama Pandit Madan Mohan Malviya].

Obituary: Mrinal Gore (1928-2012)

An 'Energy Index', which is aggregated from energy indicators is a rich source of information and is helpful in providing an assessment of a country's performance. This has, however, resulted in mushrooming of a plethora of indices, which claim to quantify the performance of a country in...