In the present study, we have evaluated the electricity savings by replacing consumers' existing appliances, typically low energy efficiency appliances, with improved energy efficiency appliances in a phased manner. The paper presents a demand side management (DSM) scenario and estimates annual...

The U-shaped relationship between inflation and price dispersion around nonzero inflation rate is due to the use of aggregate measure of relative price variability (RPV), which amounts to specification errors in a piecewise linear regression models. However, the true underlying relationship...

This study decomposes relative price variability into a component due to inflation and a component due to real factors. The empirical results for India suggest that real factors account for 55% and inflation accounts for 45% of the variability in relative price changes. The proportion of...

The policy formulation for cooking energy substitution by renewables is addressed in multi-criteria context. A survey is conducted to know the perceptions of different decision making groups on present dissemination of various cooking energy alternatives in India. Nine cooking energy...

This paper makes an attempt to measure sacrifice ratios for the farm and non-farm sector as disinflation policy is believed to have differential impact on these sectors. Using the non-parametric approach of Ball (1994), five disinflation episodes are identified for India over the period from...

Multi-Criteria Decision Making (MCDM) techniques are gaining popularity in sustainable energy management. The techniques provide solutions to the problems involving conflicting and multiple objectives. Several methods based on weighted averages, priority setting, outranking, fuzzy principles and...

Energy requirements for cooking account for 36% of total primary energy consumption in India. The rural and urban populaces, depend mainly, on non-commercial fuels to meet their energy needs. Diverse urban growth patterns have led to structural changes in economy, and have important...

This study examines whether the Currency Equivalent (CE) Monetary Aggregates proposed by (Hutt, 1963) and (Rotemberg et al., 1995) can perform better in predicting inflation as compared to their simple sum counterparts. The components of four official measures of monetary constructs - M1, M2, M3...

We propose a new methodology to construct core inflation which is, unlike other conventional methods, not based on ad hoc elimination/trimming of prices. The underlying inflation derived from our method is found to be a powerful leading indicator of headline inflation while other conventional...