Showing 1 - 10 of 81
This paper studies the leadlag pattern in the interaction between credit and growth cycles of India at three levels i.e. at the aggregate level for annual GDP growth, at the sectoral level across agriculture, industry and services, and also across major industries. The study focuses on three...
Persistent link: https://www.econbiz.de/10009393108
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
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
This paper describes business and growth rate cycles with special reference to the Indian economy. It uses the classical NBER approach to determine the timing of recessions and expansions in the Indian economy, as well as the chronology of growth rate cycles, viz., the timing of speedups and...
Persistent link: https://www.econbiz.de/10005487627
This paper examines the decoupling hypothesis for India. This paper analyses business cycle synchronization between India and a set of industrial economies, particularly the United States, over the period 1992 to 2008. The evidence suggests that the Indian business cycle exhibits increasing...
Persistent link: https://www.econbiz.de/10004993768
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
The paper estimates the elasticity of Imports with respect to relative prices and income for Pakistan from 1971 to 2009. What distinguishes this paper from the earlier studies is the use of robust estimation technique of Autoregressive Distributed Lag (ARDL) model utilizing the bounds test...
Persistent link: https://www.econbiz.de/10010539659
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
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
One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes in nominal variables do not have any impact on real variables. This paper studies the presence or...
Persistent link: https://www.econbiz.de/10009645208