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. Considering agricultural output and rainfall data from four different states in India we find evidence in favor of association …This paper examines the reasons for farmer suicides in India. Inability to get the right price, crop failures, and … between the cyclical component of agricultural output and rainfall data. Understanding this linkage is important from the …
Persistent link: https://www.econbiz.de/10011536353
This paper examines association between the cyclical component of agricultural output and rainfall in India. When the … contractionary monetary policy may lead to stagflation. Considering agricultural output and rainfall data from four states in India … cause of food inflation is because of supply shortage driven by inadequate rainfall and poor irrigation facilities, then a …
Persistent link: https://www.econbiz.de/10011110993
Persistent link: https://www.econbiz.de/10010257962
This paper investigates multivariate Beveridge-Nelson decomposition of key macro aggregate data. We find (a) inflation seems to be dominated by its trend component, and, perhaps as a result of this, the short-term interest rate is also trend dominated; and (b) consumption also seems to be...
Persistent link: https://www.econbiz.de/10011445274
This paper investigates multivariate Beveridge-Nelson decomposition of key macro aggregate data. We find (a) inflation seems to be dominated by its trend component, and, perhaps as a result of this, the short-term interest rate is also trend dominated; and (b) consumption also seems to be...
Persistent link: https://www.econbiz.de/10011342928
The paper focuses on the comparison of the direct and iterated AR predictors when Xt is a difference stationary process. In particular, it provides some useful results for comparing the efficiency of the two predictors and for extracting the trend from macroeconomic time series using the two...
Persistent link: https://www.econbiz.de/10005668394
This article analyses the link between the changes in and the drivers of inflation in a broad range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly synchronised across countries, especially in the euro area economies, reflecting their...
Persistent link: https://www.econbiz.de/10012841640
Despite closing output gaps and tightening labor markets, inflation has remained low inthe euro area. Based on an augmented Phillips Curve framework, we find that thisphenomenon-sometimes attributed to low global inflation-has been primarily causedby a remarkable persistence of inflation,...
Persistent link: https://www.econbiz.de/10012910359
Although there is a vast literature on GDP comovement across countries, there is scant evidence on inflation interdependence. We analyze inflation comovements across a wide set of advanced economies and across the subset of euro area countries. Some of our findings are expected, such as the fact...
Persistent link: https://www.econbiz.de/10012867680
Changes in nominal interest rates must be due to either movements in real interest rates or expected inflation, or both. We develop a term structure model with regime switches, time-varying prices of risk and inflation to identify these components of the nominal yield curve. We find that the...
Persistent link: https://www.econbiz.de/10012714922