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A VAR Model of Monetary Policy and Hypothetical Case of Inflation Targeting in India
Mishra, Ankita; Mishra, Vinod - Department of Econometrics and Business Statistics, … - 2010
case of inflation targeting where the monetary policy instrument is set after looking at the current values of inflation … hypothetical scenario of inflation targeting suggests a sharper response of the interest rate (monetary policy instrument) to …
Persistent link: https://www.econbiz.de/10008492273
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PRE-CONDITIONS FOR INFLATION TARGETING IN AN EMERGING ECONOMY - THE CASE OF INDIA
Mishra, Ankita; Mishra, Vinod - Department of Econometrics and Business Statistics, … - 2009
This article looks at the preconditions that an emerging economy needs to fulfill, before it can adopt inflation … to the independent conduct of monetary policy. This study concludes that inflation band targeting with a wide target …
Persistent link: https://www.econbiz.de/10005064189
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Asset Prices, Monetary Policy, and Aggregate Fluctuations: An Empirical Investigation
Cheng, Lichao; Jin, Yi; Zeng, Zhixiong - Department of Econometrics and Business Statistics, … - 2011
effects of monetary policy on output, inflation and asset prices, the interactions of asset prices with the aggregate economy … of monetary policy to output and inflation is also found to play an important role in stabilizing the aggregate economy …
Persistent link: https://www.econbiz.de/10009144409
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Testing for Explosive Behaviour in Relative Inflation Measures: Implications for Monetary Policy
Arora, Vipin; Gomis-Porqueras, Pedro; Shi, Shuping - Department of Econometrics and Business Statistics, … - 2011
exhibit explosive behaviour. We also find evidence suggesting that inflation expectations behave differently under normal and … explosive periods. In particular, unemployment and interest rates also help predict inflation expectations during explosive … episodes relative to normal times. Furthermore, explosive episodes in the relative measure between headline and core inflation …
Persistent link: https://www.econbiz.de/10009394011
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Estimating Intra Country and Cross Country Purchasing Power Parities from Household Expenditure Data Using Single Equation and Complete Demand Systems Approach: India and Vietnam
Majumder, Amita; Ray, Ranjan; Sinha, Kompal - Department of Econometrics and Business Statistics, … - 2011
This study departs from the previous literature on purchasing power parity (PPP) by proposing a demand system based methodology for calculating the PPP that takes account of consumer preferences and allows for the substitution effect of price changes. The methodology is applied to provide...
Persistent link: https://www.econbiz.de/10009394008
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The Estimation of Item Specific Intra and Inter Country Food Purchasing Power Parities with Application to Cross Country Comparisons of Food Expenditure: India, Indonesia and Vietn...
Ray, Ranjan; Sinha, Kompal; Majumder, Amita - Department of Econometrics and Business Statistics, … - 2013
This study introduces, for the first time, the concept of item specific purchasing power parity (PPP) between countries that marks a significant departure from exercises such as the International Comparison Program (ICP). The paper proposes a methodology for the estimation of the item specific...
Persistent link: https://www.econbiz.de/10010736876
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A Unified Framework for the Estimation of Intra and Inter Country Food Purchasing Power Parities with Application to Cross Country Comparisons of Food Expenditure: India, Indonesia...
Ray, Ranjan; Majumder, Amita; Sinha, Kompal - Department of Econometrics and Business Statistics, … - 2014
This paper proposes a preference based methodology, analogous to the estimation of equivalence scales in the demographic demand literature, for the estimation of the item specific intra country PPPs (i.e. spatial prices) and inter country PPPs in a unified framework using unit records of...
Persistent link: https://www.econbiz.de/10011100034
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Spatial Variation in Prices and Expenditure Inequalities in Australia
Ray, Ranjan; Mishra, Ankita - Department of Econometrics and Business Statistics, … - 2013
This paper extends the recent literature on spatial price differences within a country to provide evidence on the Australian experience during the past two decades. While much of the existing evidence on spatial price variation within a country relates to large heterogeneous countries such as...
Persistent link: https://www.econbiz.de/10011141110
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Using Engel Curves to Measure CPI Bias for Indonesia
Olivia, Susan; Gibson, John - Department of Econometrics and Business Statistics, … - 2012
, equivalent to almost one third of the measured inflation rate. …
Persistent link: https://www.econbiz.de/10010553140
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Spatial Comparisons of Prices and Expenditure in a Heterogeneous Country: Methodology with Application to India
Majumder, Amita; Ray, Ranjan; Sinha, Kompal - Department of Econometrics and Business Statistics, … - 2012
This study addresses two significant limitations in the literature on cross-country expenditure comparisons: (a) treatment of all countries, large and small, as single entities with no spatial differences inside the countries, and (b) use of Divisia price indices, rather than preference based...
Persistent link: https://www.econbiz.de/10010987088