Central Banks should meet their inflation targets to preserve fiscal space and anchor inflation expectations. …

The world economy entered the third decade of this century with uncertainties and challenges of COVID-19 pandemic … empirical evidence to critically study external and internal economic processes and policies particularly of major world …

Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …

This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus … Great Depression may have informed his General Theory. Exploring the connection between the experience of the Great … Depression and the theoretical framework Keynes presents in The General Theory, the assumption of a constant money stock …

During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing … inflation during the Great Recession. We show that inflation did not fall much because intermediate goods prices were increasing …