as well as conducting policy analysis. QPM incorporates several India-specific features like the importance of the … agricultural sector and food prices in the inflation process; features of monetary policy transmission and implications of an …

India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a … target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic … illustrating the key issues given the unique structural characteristics of India and the policy options under an FIT framework, the …

This paper explores the importance of central banking policies in financial market performance, using the case of India … governors of the Reserve Bank of India-Y V Reddy, D Subbarao, and Raghuram Rajan. The paper discusses the central banking … policies in these periods with respect to monetary stability, inflation, and growth challenges. The paper presents an analysis …

The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in … the consequences of such policy measures in India, particularly during the period of the global recession. Not only did … India, this paper concludes that such monetarist policy measures have been responsible for stagnation, with a rise in price …

focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations … of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly …

This paper focuses on modelling and forecasting inflation in India using an augmented Phillips curve framework. Both … demand and supply factors are seen as drivers of inflation. Demand conditions are found to have a stronger impact on non …-food manufactured products inflation (NFMP) vis-a-vis headline WPI inflation; moreover, NFMP is found to be more persistent than …

This paper provides a Vector Auto-Regression (VAR) analysis of inflation and monetary policy. It identifies monetary … policy shocks in a benchmark recursive structure of VARs with two alternative inflation measures, viz., headline WPI and core … inflation measure. Unlike the results in case of WPI, the response of core prices declined swiftly, following a positive call …

Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices … higher levels of poverty in eastern India, and generally, smaller reductions in poverty from 2005 to 2010. Our poverty …

Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices … higher levels of poverty in eastern India, and generally, smaller reductions in poverty from 2005 to 2010. Our poverty …

Agricultural Labourers (CPIAL) for rural India, and the Consumer Price Index for Industrial Workers (CPIIW) for urban India. Over … the five years from 1999-2000 to 2004-05, the food component of the CPIAL understated the rate of food price inflation … official poverty counts for rural India in 2004-5 are too low; the official headcount ratio of 28.3 percent should be closer to …