KISHOR, N. KUNDAN - In: The Singapore Economic Review (SER) 57 (2012) 04, pp. 1250028-1
This paper studies the role of the real money gap — the deviation of real money balance from its long-run equilibrium … the real money gap is a significant predictor of inflation in India. Our results show that this variable is a better … for the real money gap, the forecasting power of other predictors under study has declined considerably after 1995. …