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The paper's objective is to examine whether the Indian Rupee was fairly valued as of end March 2015. First, the movements of the trade weighted real effective exchange rate (REER) of the Rupee are tracked over the last ten years. Next, the underpinnings of the Harrod-Balassa-Samuelson effect,...
Persistent link: https://www.econbiz.de/10011284447
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Who prevails when fiscal and monetary authorities disagree about the value of public expenditure and how much to discount the future? When the fiscal authority sets debt as its main policy instrument it achieves fiscal dominance, rendering the preferences of the central bank, and thus its...
Persistent link: https://www.econbiz.de/10012308453
promotions on inflation measurement. Although changes in product-level expenditure shares were unusually high during lockdown, we … inflation, and lower use of promotions by low-income consumers explains why they experienced moderately lower inflation. Overall …, changes in shopping behaviours played only a minor role in driving higher inflation during lockdown; higher prices were the …
Persistent link: https://www.econbiz.de/10012293184
, effective revenue ceilings induce an increase in deficit, debt and inflation. Under many scenarios, including recurrent adverse …
Persistent link: https://www.econbiz.de/10012137093
We analyze the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost …-related factors and euro area (EA) inflation developments play an important role in explaining inflation dynamics in SEE countries … exchange to euro area market appear to be susceptible to inflation spillovers from the euro area. Moreover, nominal effective …
Persistent link: https://www.econbiz.de/10012124587
regime during a deceleration in economic activity and with headline and core inflation remaining well below the FOMC's 2 … percent inflation target. Moreover, both short- and long-term inflation expectations were drifting lower. These developments …
Persistent link: https://www.econbiz.de/10012216728
This paper explores the effect of inflation supply and demand shocks on government debt. It identifies the shocks using …
Persistent link: https://www.econbiz.de/10014536631
responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …
Persistent link: https://www.econbiz.de/10014538995