This paper investigates a perception in the political debates as to what extent poor countries
are affected by price movements in the global commodity markets. To test this perception …

The economics literature suggests that the Phillips curve is nonexistent in India. This study
finds that supply shocks, namely droughts and oil crises, and the liberalization-policy shock …

This paper examines the drivers of overall inflation and its component, food inflation in India
using monthly data from April 1996 to March 2017. The analysis covers both WPI and CPI …

This paper revisits the empirical existence of the Phillips curve in the Indian context. To
estimate the Phillips curve we need two variables: inflation and the output gap. In the case of …

India is facing a fast rise in the general price level for the last couple of years. This paper
seeks to empirically examine the sources of inflation in India both in the long-run and in the …

We estimate fiscal multipliers for total, capital (capex), and revenue (revex) Indian
government expenditure using a two variable Structural Vector Auto-Regression (SVAR) …

Simultaneity issues as well as incorrect measurement of shocks and of the cyclical variable
bias estimated slopes of the Indian aggregate supply curve (AS). Our initial Generalised …

Stylized Indian facts and structural features are consistent with an elastic aggregate supply,
subject to cost push. A variety of time series tests support this against an alternative …

We explore reasons for the strongly asymmetric Indian monetary transmission and response
to other shocks, compared to those of the United States, obtained in a standard New …

A New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model with habit
persistence used to examine the US slowdown is also used to analyze the contribution of …