The main argument of this paper is that in many situations, dicult puzzles of governance can be solved in dramatically new ways using modern IT systems. Nationwide centralised databases, coupled with ubiquitous high-speed Internet access, and pervasive computational power, has put a new set of...

In India, year-on-year percentage changes of price indexes are widely used as the measure of inflation. In terms of monthly data, each observation of a one-year change in inflation is the sum of twelve one-month changes. This suggests that better information about inflationary pressures can be...