Purpose - Among the many factors fueling the inflationary tendencies in an economy such as monetary shocks, structural shocks, demand shocks, external shocks and demographic changes, the issue of inflation (INF) has also been found to be related to fiscal policy decisions of the government. The...

Purpose - Among the many factors fueling the inflationary tendencies in an economy such as monetary shocks, structural shocks, demand shocks, external shocks and demographic changes, the issue of inflation (INF) has also been found to be related to fiscal policy decisions of the government. The...

Empirical inferences about particular forms of agents' inflation expectations are crucial for the conduct of monetary policy. This paper is an attempt to explore the properties of the Reserve Bank of India's survey data of households' inflation expectations. The paper shows that survey...

Empirical inferences about particular forms of agents’ inflation expectations are crucial for the conduct of monetary policy. This paper is an attempt to explore the properties of the Reserve Bank of India’s survey data of households’ inflation expectations. The paper shows that survey...

The paper aims to examine the dynamic impact of openness on inflation in India applying by an Autoregressive Distributed Lag (ARDL) Bound testing approach. Empirical evidence shows that there is a unique and stable long-run relationship between inflation and other variables, such as trade...

Maintaining a stable price level featured by low inflation rate has remained a prioritized objective of macroeconomic management of all the economies including India. Among many other determinants, this study examines the issue of inflation from the fiscal point of view. A unidirectional...

The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean measures when the distribution of price changes is leptokurtic and skewed to the right for any given period. Several estimators based on asymmetric trimmed mean approach are...

This paper discusses in some detail various existing approaches of measuring core inflation, evaluating their potential advantages and disadvantages. Then a variety of measures of core inflation for India based on three methods are constructed. Among these measures, three are based on...