What is Responsible for India s Sharp Disinflation is popular PDF and ePub book, written by Sajjid Chinoy in 2016-08-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, What is Responsible for India s Sharp Disinflation can be Read Online from any device for your convenience.
What is Responsible for India s Sharp Disinflation Book PDF Summary
We analyze the dramatic decline in India’s inflation over the last two years using an augmented Phillips Curve approach and quantify the role of different factors. Our results suggest that, contrary to popular perception, the direct role of lower oil prices in India’s disinflation was relatively modest given the limited pass-through into domestic prices. Instead, we find that inflation is a highly persistent process in India, reflecting very adaptive expectations and the backward looking nature of wage and support price-setting. As a consequence, we find that a moderation of expectations, both backward and forward, and a rationalization of Minimum Support Prices (MSPs), explain the bulk of the disinflation over the last two years.
Detail Book of What is Responsible for India s Sharp Disinflation PDF
- Author : Sajjid Chinoy
- Release : 08 August 2016
- Publisher : International Monetary Fund
- ISBN : 9781475523935
- Genre : Business & Economics
- Total Page : 37 pages
- Language : English
- PDF File Size : 20,8 Mb
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