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Cost and benefit of disinflation policy in India
(Economic & Political Weekly, 2014)
The Reserve Bank of India’s monetary policy stance is based on assertions that there is no trade-off between inflation and growth and that disinflation will result in more growth. This note examines recent empirical evidence ...
Changing dynamics of inflation in India
(Economic and Political Weekly, 2018-03)
Using the latest consumer price index (combined) series, it is found that the dynamics underlying India’s inflationary process have changed substantially. Significant reduction found in the inflation persistence reflects ...