Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/23527
Full metadata record
DC FieldValueLanguage
dc.contributor.authorChakrabarti, Anindya
dc.date.accessioned2021-01-27T07:22:47Z
dc.date.available2021-01-27T07:22:47Z
dc.date.issued2016
dc.identifier.urihttp://hdl.handle.net/11718/23527
dc.description.abstractThis paper studies the effects of monetary policies in newly industrialized economies characterized by extremely low level of labor and capital mobility between urban and rural sectors. Policies are executed in the urban sector which sends waves of adjustments in the rest of the economy. I show that with liquidity constraints and immobility in labor and capital, the sector-specific effects are markedly different from those in a one-sector economy. In particular, they are asymmetric and the rural sector lags behind the urban sector during adjustment process. This explains temporary phases of significantly high inflation with uneven sectoral effects which often accompany major reforms in the banking and monetary institutions of such economies, e.g. in case of India. Finally, as consumption patterns alter in such an economy undergoing structural changes, the sectoral distribution of liquidity is affected inducing dissimilar responses to shocks, both within and between sectors.en_US
dc.language.isoenen_US
dc.publisherJournal of Macroeconomicsen_US
dc.subjectNewly industrialized economyen_US
dc.subjectMarket rigidityen_US
dc.subjectFrictionsen_US
dc.subjectSticky priceen_US
dc.subjectLiquidity shocksen_US
dc.titleInflationary effects of monetary policies in newly industrialized economies with cross-sectoral labor and capital immobilityen_US
dc.typeArticleen_US
Appears in Collections:Journal Articles

Files in This Item:
File Description SizeFormat 
Inflationary-effects-of-monetary-policies-in-newly-industrialized-economies.pdf
  Restricted Access
Inflationary effects of monetary policies in newly industrialized economies1.14 MBAdobe PDFView/Open Request a copy


Items in IIMA Institutional Repository are protected by copyright, with all rights reserved, unless otherwise indicated.