The Opportunistic Approach to disinflation is an influential model of optimal monetary policy. This strategy for disinflation suggests that in a low inflation environment policymakers' would give higher weight to inflation stabilization when inflation is strengthening, but higher weight to...

Female work participation in West Bengal is one of the lowest in India, and varies inversely with female literacy and percentage of Muslim population in a block. However, there are areas with high percentage of Muslims where female work participation is high due to predominance of home-based...

The relationship between money, price and output is one of the most debated issues among different schools of thought of economics particularly between the Monetarists and Keynesians. The Monetarists argue that money influences the prices and the output, whereas the Keynesians argue that money...

If priors are deterministic (zero or unity) and conditional evidence is uncertain (lies between zero and one) then Bayesian updating will lead to posteriors that are the same as priors. This in a sense explains the persistence of fundamentalist belief. Under such a belief system, only if...

There are several reasons why non-linearity and non-stationarity could occur simultaneously in economic models including (i) frictions in markets (ii) asymmetric adjustment mechanisms and (iii) markets (esp. financial markets) being subject to episodes of turbulence and volatility. The task of...

One of the most enduring debates in the human well-bing research is the relationship between money and happiness. Empirical research both in psychology and in economics show that the correlation between income and happiness is small and this evidence has been used to mean that money does not...

Based on input-output transactions tables, our study decomposes the cause for change in sectoral shares in GDP into three components - the final-demand effect, input-structure effect and reallocation effect - and makes an empirical assessment of these components. It is observed that apart from...

The paper examines the long run relationship between financial development and growth in India in a trivariate framework by incorporating stock market development. It finds that stock market development has substantial impact on finance- growth nexus. While financial development and economic...

Using NFHS 2005 data, we estimate a cox proportional hazard model to identify the determinants of age at marriage and age at first birth. We find that women who grew up in the countryside or in towns are more likely to marry early and have children earlier. We find a similar result for women...

Viral diseases are recognized as a major problem in successful cultivation of fruit crops by imposing cost on producers. Adoption of virus management technology (VMT) in fruit crops cultivation is highly beneficial; still its adoption is not widespread. This paper has made attempt to identify...