Resurgence in Indian inflation since 2007 was associated with sharp food and oil price inflation. Propagation … rather than persistent second round price effects that caused inflation. Output remained below potential. In such a structure … generally exceeded the fall in output. A large negative demand impulse over 2010-12 constrained growth more than inflation. The …

inflation. Theoretical priors derived from an analytical framework based on the concepts of fair wages, salience and over …-reaction are tested using a State level rural wage data panel. The model predicts that a rise in food price inflation, non …-traded wages and productivity, reduction in net labor supply, rise in labor demand and employment in the traded goods sector would …

tend to be beneficial for productivity and for workers. Thus, when this rate slows, it is important to understand why. In … wages and productivity, a decline could indicate improvements for workers if it means that they are now better matched to …