The macroeconomic policy responses to COVID-19 pandemic and the
impact of the pandemic on economic growth, and the level of consumption are analysed. The COVID-19 crisis is a dual crisis - public hea...
by Divy Rangan | On 06 May 2020 New Keynesian Dynamic Stochastic General Equilibrium (DSGE) models with various specifications of technology, markup and interest rate shocks are estimated with Indian data using Kalman filter based p...
by Ashima Goyal | On 25 Apr 2019 This paper identifies five factors that can capture 95% of the variance across 39 US dollar exchange rates based on the principal component method. A time-varying parameter factor-augmented vector aut...
by Hongyi Chen | On 01 Apr 2019 Over 2017-18 there was a sharp rise in Indian government securities (G-Secs) interest rates unrelated to fundamentals. Examining each of the standard explanatory variables shows them to be inadequate...
by Ashima Goyal | On 29 Mar 2019 The paper provides a narrative of Sri Lanka’s history of twin deficits, examines macroeconomic performance from the lens of twin deficits, and discusses the policies adopted to address macroeconomic i...
by Dushni Weerakoon | On 28 Mar 2019 There were intensive efforts at monetary cooperation in the interwar years to overcome the imbalances accumulated during the war years to reduce the rate of inflation, reduce the rate of unemployment...
by Manmohan Agarwal | On 01 Feb 2019 This paper tries to understand the trends and the pattern of Outward Foreign Direct Investment (OFDI) by Indian firms and the factors that determine OFDI from India through Cross-Border Mergers and Ac...
by P.L. Beena | On 31 Jan 2019 The paper explored deep analytical issues such as the nature of the objective function to be optimized, planning horizon, choice of the discount rates, etc. No wonder, his book “Capital and Developmen...
by Vijay Kelkar | On 30 Jan 2019 This study analyses the time varying correlation of money and output using the DCC GARCH model for the Euro, India, Poland, the UK and the US. Apart from simple sum money, this model uses Divisia mone...
by Taniya Ghosh | On 30 Jan 2019 This paper investigates the effects of the Basel II capital requirement implementation in Viet Nam on the bank lending rate and national output. The paper provides a theoretical framework as well as e...
by Nguyet Thi Minh Phi | On 28 Jan 2019 In recent years, many emerging economies including India have adopted inflation targeting framework. Post the global financial crisis, there is a growing debate on whether monetary policy should targe...
by Ila Patnaik | On 23 Jan 2019 This paper assesses the accuracy of Asian Development Outlook growth and inflation forecasts for 43 Asian economies from 2007 to 2016, against the benchmark of World Economic Outlook projections by th...
by Benno Ferrarini | On 22 Jan 2019 The paper examines behavioral constraints in policy-making and in achieving coordination across policies. First it applies psychological concepts to understand policy inadequacies, and next examines h...
by Ashima Goyal | On 29 Oct 2018 This paper develops an environmental dynamic stochastic general equilibrium (E-DSGE) model with heterogeneous production sectors. In particular, the model comprises some low-carbon emission firms that...
by Maria Teresa Punzi | On 19 Oct 2018 This paper takes a New Keynesian model with non-separable money in utility to Indian data using maximum likelihood. The identification problem in isolating the effect of money on output and inflation...
by Ashima Goyal | On 21 Sep 2018 This paper analyzes a critical aspect of expanding private finance to infrastructure by examining the role of bank lending to public–private partnership (PPP) projects through the project finance moda...
by Vivek Rao | On 24 Aug 2018 The paper analyses a nationally representative data set from India for the year 2013 in order to provide evidence on how short term migration is affected by household's ownership of land, and particip...
by Rajeswari Sengupta | On 25 Jul 2018 This short paper has two main sections. The first section presents a more detailed picture and overview of the macroeconomic performance of the Philippines behind the Philippines’ remarkable growth. T...
by Maureen Ane D. Rosellon | On 06 Jul 2018 This paper makes an attempt to estimate Total Factor Productivity (TFP) growth by using both growth accounting approach and production function approach. Kendrick, Solow and Tornqvist-Theil indices ar...
by G. Alivelu | On 26 Jun 2018 This paper tests economic convergence across States in India by incorporating federal fiscal asymmetries and differentials in gross fixed capital formation at the state level. Using dynamic panel mode...
by Lekha Chakraborty | On 15 Jun 2018 This paper provides knowledge the first analysis of the morbidity cost of PM2.5 for the entire population of a developing country. To address potential endogeneity in pollution exposure, it constructs...
by Panle Jia Barwick | On 12 Jun 2018 This paper assesses the effects of the most recent monetary policy behavior of the Bank of Japan (BOJ) (in particular, zero interest rate policy and negative interest rate policy) and Japanese tax pol...
by Farhad Taghizadeh-Hesary | On 09 Jun 2018 The paper identifies key features of International Monetary Fund (IMF)–supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borro...
by Carlos De Resende | On 09 Jun 2018 Despite being key to theories of economic growth and the demographic transition, evidence on
how fertility responds to aggregate income change is mixed. We analyze economic growth and
fertility chan...
by | On 08 May 2018 The paper assesses the power of forward guidance—promises about future interest rates—as a monetary tool in a liquidity trap using a quantitative incomplete-markets model. The results suggest the effe...
by Marcus Hagedorn | On 24 Apr 2018 This paper reviews recent evidence and research by ILO and others concerning
monetary, fiscal, exchange rate and capital account management policies, looking also at
issues...
by | On 20 Apr 2018 The paper builds a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in m...
by Yongyang Cai | On 04 Apr 2018 In addition good and effective governance is also reflected in the quality of physical infrastructure like roads, electricity availability, ports and transport.
by Forum for Knowledge Sharing | On 27 Mar 2018 This paper examines the factors influencing the gender wage gap by using an unbalanced crosscountry
aggregated panel data set for a sample covering 53 economies for the period 1995–2010.
Using robus...
by | On 20 Mar 2018 The paper says that the exchange rate is a vital macroeconomic variable and backbone of trade.
by M. Ali Kemal | On 19 Mar 2018 This paper seeks to examine how the objectives of monetary policy have changed over the years from one of supporting public investment to one of inflation control and still later to inflation targetin...
by | On 15 Mar 2018 This paper seeks to draw lessons for developing countries based on a survey of the recent literature on financial globalization. First, while capital account openness holds promises (by potentially lo...
by Shang-Jin Wei | On 10 Mar 2018 The paper evaluates the impact of the credit conditions facing corporations on their emissions of toxic air pollutants. Exploiting cross-county, cross-time shale discoveries that generated liquidity w...
by Ross Levine | On 05 Mar 2018 Macroeconomic models often invoke consumption “habits” to explain the substantial persistence of aggregate consumption growth. But a large literature has found no evidence of habits in microeconomic d...
by Christopher D. Carroll | On 05 Mar 2018 The paper develops a trade model in which productivity—the result of a country’s ability to adopt global technologies—presents an arbitrary pattern of spatial correlation. The model generates the full...
by Nelson Lind | On 05 Mar 2018 This paper presents the business cycle chronology for the Indian economy. Two distinct phases are analysed. The pre-1991 period when the cycles were mainly driven by monsoon shocks. The post 1991 phas...
by Radhika Pandey | On 03 Mar 2018 The paper examines how endogenous social preferences could affect economic incentive design to encourage biodiversity protection on private land. A 'green' farmer may enjoy esteem from leading by exam...
by Rupayan Pal | On 22 Feb 2018 The paper presents a variety of indicators to show that demand constrained output during the period of growth slowdown 2011-17. It also draws on research to show the macroeconomic structure of the eco...
by Ashima Goyal | On 22 Feb 2018 During 2017-18 (till January), monetary policy remained steady with only one policy rate cut
in August. As the Y-o-Y effect of demonetisation wore off, the growth rate of both Currency in
Circulatio...
by Arun Jaitley | On 31 Jan 2018 A selective survey of recent papers in the area of technological change, automation and employment is presented. The objective is to convey analytical ideas and the empirical evidence that have inform...
by K. V. Ramaswamy | On 16 Jan 2018 This paper examines dimensions of inequality including labour market inequalities and discusses public policies needed for reduction in inequalities. It discusses both inequality of outcomes and inequ...
by S.Mahendra Dev | On 16 Jan 2018 Using data from 1961 to 2001, the paper shows the impact on crime of two age-specific sex ratios corresponding to pre-marital (ages 10 to 16) and marriageable (ages 20 to 26) age groups in India. To d...
by Rashmi Barua | On 12 Dec 2017 Impact of changes in policy rate of interest on demand for bank credit is examined for seven emerging market economies including India for the period 2002 to 2010. Panel data techniques are used after...
by | On 01 Dec 2017 The paper uses a six-year panel of 6,500 students at three international schools in a major city in north China to estimate how fluctuation in ambient PM2.5 over the preceding fortnight impacts daily...
by Haoming Liu | On 20 Nov 2017 Increased integration with global financial markets has amplified the complexity of macroeconomic management in India. The diverse objectives of a robust growth rate, healthy current account deficit,...
by Abhijit Sen Gupta | On 13 Nov 2017 This paper constructs a dynamic macro model with new monetary policy rule to examine the implications of international reserve accumulation for macroeconomic outcomes such as economic growth and infla...
by Prakash Shrestha | On 18 Oct 2017 This paper concentrates on the impact of a few macroeconomic variables—nominal exchange rate, economic activity in host countries and workers' outflow—in determining the remittance inflows to Nepal.
by Bhubanesh Pant | On 09 Oct 2017 The paper says that it will contribute to make monetary policy more effective and thus enhance its impact.
by Sarthak Karki | On 06 Oct 2017 The prime objective of the paper is to construct a robust macroeconomic performance (MEP) index of India using Data Envelopment Analysis (DEA) approach. Six major macro indicators, namely, economic gr...
by Ranjan Kumar Mohanty | On 05 Oct 2017 The benefits of improved tax enforcement in Pakistan through simulations
of a model of the Pakistani economy is studied. We begin by documenting that the effective
tax rate facing firms is increasin...
by Ethan Ilzetzki | On 04 Oct 2017 This paper estimates the optimal inflation rate in Nepal based on the data of the period 1978–2016.
by Nepal Rastra Bank Research Department NRB | On 28 Sep 2017 The paper investigate the predictive power of Divisia monetary aggregates in explaining exchange rate variations for India, Israel, Poland, UK and the US, in the years leading up to and following the...
by Taniya Ghosh | On 18 Sep 2017 The Laspeyres-type consumer price index (CPI) is traditionally used to measure the changes in cost-of-living over time. Studies indicate this CPI suffers from a plutocratic bias, attaching greater wei...
by Dilip M. Nachane | On 18 Sep 2017 This paper tests the bank lending channel against the aggregate demand channel as an explanation for slow credit growth by estimating the determinants of credit and of non- performing assets (NPAs) us...
by Ashima Goyal | On 15 Sep 2017 The paper examines the strength and efficacy of transmission from the policy rate and liquidity provision to market rates in India, using event window regression analysis. The paper finds the interest...
by Ashima Goyal | On 15 Sep 2017 The objective of the study is to understand the ‘actual’ consumption patterns of fruits and vegetables in India and compare this to the World Health Organization (WHO) ‘recommended’ quantity for an ad...
by Arpita Mukherjee | On 31 Aug 2017 The present paper attempts to explore the macroeconomic implications of the “demonetisation” exercise announced on November 8, 2016, for the Indian economy on three board parameters of growth, distrib...
by Pradymna Rawat | On 09 Aug 2017 This paper provides a comparative assessment of CPI and WPI in terms of its key characteristics, particularly on the method of compilation, distributional properties and measures of underlying inflat...
by Praggya Das | On 04 Aug 2017 The report says that the BoP, thus, includes all transactions showing: (a) transactions in goods, services and income between an economy and the rest of the world, (b) changes of ownership and other c...
by Reserve Bank of India RBI | On 03 Aug 2017 The study focuses on various drivers of overnight inter-bank rate spread under
the new liquidity management framework during July 2013 to December 2016.
Applying OLS with Newey-West estimator and va...
by Sunil Kumar | On 03 Aug 2017 This paper revisits the issue of determinants of inflation in India in a Phillips curve framework and makes two key contributions in relation to existing studies. First, in the context of the Reserve...
by Harendra Behera | On 03 Aug 2017 This paper examines the implications of the establishment of the
New Development Bank (NDB) and the Contingent Reserve Arrangement
(CRA) for the international financial system and for the BRICS coun...
by Manmohan Agarwal | On 31 Jul 2017 An analysis of the impact of government borrowing from the scheduled banks on the credit to private
sector in Pakistan, using monthly data from 1998:M6 to 2015:M12. We find that a one percentage
poi...
by Sajjad Zaheer | On 31 Jul 2017 The seventh goal of the Sustainable Development Goals (SDGs) is dedicated to ensuring access to affordable, reliable, sustainable and modern energy for all by 2030. While energy was implicit in the Mi...
by Hannah Goozee | On 28 Jul 2017 The present paper is an attempt to conduct a valuation of the three most important exhaustible natural resources, viz., natural gas, coal and hard rock, via
the System of Environmental-Economic Accou...
by Mahfuz Kabir | On 27 Jul 2017 In this paper, we compare the performance of different models, on two data frequencies, in terms of
matching the business cycle moments of Pakistani economy. Out of the four models, two are simple
r...
by M. Ali Choudhary | On 26 Jul 2017 Inflation expectations are an important marker for the conduct of monetary policy. Using a Bayesian structural VAR-X model that includes the inflation expectations of general public based on the Infla...
by Taniya Ghosh | On 21 Jul 2017 Greater gains in energy savings are possible from improved energy efficiency and conservation measures, both as a smart business investment, and an imperative for the global community.
by Asian Development Bank Institute | On 18 Jul 2017 This report provides support to the Maldivian government in formulating its high-priority policies by identifying the critical constraints to achieving inclusive growth. The report also provides polic...
by Asian Development Bank Institute | On 12 Jul 2017 This report presents country-case studies for Bangladesh, Georgia, and Viet Nam focusing on growing evidences in the development of financial soundness indicators to effectively monitor the financial...
by Asian Development Bank Institute | On 06 Jul 2017 The report says that Cambodia’s growth in the last 20 years has been remarkable and the lives of its people have improved substantially. But low-cost labor advantages on a narrow economic base have dr...
by Asian Development Bank Institute | On 30 Jun 2017 The report says that yields for 10-year local currency (LCY) government bonds in emerging East Asia were mostly down between 1 September and 31 October. Investor confidence was buoyed as financial mar...
by Asian Development Bank Institute | On 29 Jun 2017 This study, using an inclusive growth framework, has identified the critical constraints that Fiji needs to address to strengthen investor sentiment even further and achieve inclusive growth.
by Asian Development Bank Institute | On 27 Jun 2017 The report says Fiji’s economy has seen 5 years of positive growth since 2010 - one of its few episodes of sustained growth since 1970. Growth averaged 3.3% a year during 2010-2014, which is nearly fo...
by Asian Development Bank Institute | On 27 Jun 2017 This issue of the Asia Bond Monitor includes two special discussion boxes. Box 1 discusses the risks to emerging Asia’s financial stability under tightening global liquidity conditions. Box 2 discusse...
by Asian Development Bank Institute | On 23 Jun 2017 This report measures the size of associated subsidies on these fossil fuels including direct transfers, tax exemptions, subsidized credit, and losses of state enterprises in India, Indonesia, and Thai...
by Asian Development Bank Institute | On 14 Jun 2017 The paper narrates that the risks are tilted to the downside as tightening US monetary policy may heighten financial volatility, further moderation in the People’s Republic of China could spill over i...
by Asian Development Bank Institute | On 14 Jun 2017 The report says that the global economic environment also affects the region’s bond yields, emphasizing the importance of domestic macroeconomic stability and bond market resilience in the face of glo...
by Asian Development Bank Institute | On 06 Jun 2017 Growth in Central Asia is weaker than predicted, while expansion in the Pacific is now expected to be a touch higher. Forecasts are unchanged for East, South, and Southeast Asia. While the Brexit vote...
by Asian Development Bank Institute | On 02 Jun 2017 Building on the early work of Mitchell and Burns (1938,1946), the automatic leading indicator (ALI) approach has been developed over the last few decades by Geweke (1977), Sargent and Sims (1977), Sto...
by Parma Chakravartti | On 26 May 2017 Tajikistan has sustained high economic growth since its civil war ended in 1997. Real gross domestic product (GDP) during 1997–2015 grew at an average 7.2% a year, driven mainly by agriculture and ser...
by Asian Development Bank Institute | On 24 May 2017 The report notes that yields for 2-year and 10-year local currency government bonds in emerging East Asia were mostly lower between 1 June and 15 August and stock markets in the region recorded gains...
by Asian Development Bank Institute | On 23 May 2017 This paper analyzes interdependencies between optimal trade policy and 'preferred' liability doctrine to assess infringement damages, when intellectual property rights are probabilistic, in a model of...
by Apurva Dey | On 16 May 2017 This Update retains the projections previously published in Asian Development Outlook 2016 (ADO 2016) in March. Gross domestic product (GDP) in the region is expected to grow at 5.7% in 2016 and 2017,...
by Asian Development Bank Institute | On 16 May 2017 The outlook for developing Asia remains broadly as forecast in Asian Development Outlook 2016 Update. Despite an extraordinary and temporary growth dip affecting one of the region’s largest economies,...
by Asian Development Bank Institute | On 10 May 2017 This paper analyzes optimal monetary policy under zero lower bound in the
presence of cost channel. Cost channel introduces trade-o¤ between output and
inflation when economy is out of ZLB. As a res...
by Taniya Ghosh | On 04 May 2017 This new ILO Global Wage Report – the fifth in a series that now spans over a decade – contributes to this agenda by making comparative data and information on recent wage trends available to governme...
by International Labour Organization [ILO] | On 14 Apr 2017 The analysis in this paper
suggests that demonetisation has impacted various sectors of the economy in varying
degrees; however, in the affected sectors, the adverse impact was transient and felt ma...
by Reserve Bank of India RBI | On 21 Mar 2017 The study attempted to investigate the determinants of inflation in case of
Pakistan and to check the validity of monetarist stance that inflation is always
and everywhere a monetary phenomenon by i...
by Mehak Moazam | On 07 Dec 2016 In collaboration with the Government of Bihar, India, a large-scale experiment is conducted to evaluate whether transparency in fiscal transfer systems can increase
accountability and reduce corrupt...
by Abhijit Banerjee | On 02 Dec 2016 This Report on the World Social Situation seeks to contribute to rethinking poverty and its eradication. It affirms the urgent need for a strategic shift away from the market fundamentalist thinking,...
by United Nations (UN) | On 17 Nov 2016 This brief reports on findings from four country studies and a companion macroeconomic study calibrated using an average Asian economy. Almost 28% of the world’s working-age women are accounted for in...
by Asian Development Bank Institute | On 04 Nov 2016 The aim of this study
is to value, in monetary units, coastal and marine ecosystem services in India. The
reasons for doing so are two–fold: i) the destruction and degradation of coastal
ecosystems...
by K. S. Kavi Kumar | On 25 Oct 2016 The objectives of monetary policy have always been a topic of intensive debate. This debate has
resurfaced during the past few years. In India too monetary policy-making appears to have
undergone si...
by Lokendra Kumawat | On 10 Oct 2016 Even almost eight years since resorting to the extraordinary monetary and
fiscal measures to counter the after-effects of the Global Financial Crisis, authorities are still
left wondering about rela...
by S.S. Mundra | On 10 Oct 2016 The paper examines the issues around mobilization of resources for the 11 countries of the South-East Asia Region of the World Health Organization (WHO), by analysing their macroeconomic situation, he...
by | On 07 Sep 2016 In this paper a textual analysis is performed of monetary policy statements issued during the past ten
years by State Bank of Pakistan and compare them with policy reviews of seven selected central
...
by Asif Mahmood | On 07 Sep 2016 Central banking does not mean just rates cuts and rate rising. There are many decisions to be taken sometimes unpopular or hard-to-explain ones, to be made under conditions of extreme uncertainty. The...
by Raghuram G. Rajan | On 06 Sep 2016 Macroeconomic analytical frameworks change with events they are unable to explain. The process is
closer to abductive reasoning that is based on both events and analysis, unlike induction which is
d...
by Ashima Goyal | On 31 Aug 2016 Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a “forgotten history” in Macroeconomics. This paper proposes a heterogeneous-agents model in which...
by Pablo D'Erasmo | On 17 Aug 2016 The study attempts to identify the macroeconomic determinants of remittance inflows in South Asian countries. It uses additively separable utility function as theoretical framework and the Arellano-Bo...
by | On 16 Aug 2016 Countries rarely hit the zero-lower bound on interest rates, but when they do, these episodes tend to be very long-lived. These two features are difficult to jointly incorporate into macroeconomic mod...
by Marc Carreras | On 16 Aug 2016 By adopting a historical comparative perspective,this paper assesses the role of state (both national and subnational) in industrialisation through the growth and policy experience of an ‘achieving’ s...
by Keshab Das | On 20 Jul 2016 The paper investigates the dynamic relationship between movements in oil prices and exchange rates with macroeconomic variables like price, output, interest rate and money by using structural vector a...
by Taniya Ghosh | On 12 Jul 2016 Global commodity prices surge of 2007-08 sent an inflationary shock across the countries. 2014 global
prices descend resulted in significant disinflation in many countries and even deflation in some
...
by Muhammad Nadim Hanif | On 30 Jun 2016 The paper finds a systematic and economically sizeable relationship between income levels and life expectancy in a panel dataset of 197 countries over 213 years. By itself, GDP/capita explains more th...
by Michael Jetter | On 28 Jun 2016 This paper discusses the relevance of recent research on the economics of human development to the work of the Human Development and Capability Association. The recent economics of human development b...
by James J. Heckman | On 28 Jun 2016 In this paper investigates the success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument that well functioning credit markets would ref...
by Sumon Kumar Bhaumik | On 27 Jun 2016 This study examines the number of times a salesperson engages in vacation and the time taken by the number of vacations by controlling the number of customers. The one dimensional marginal...
by Dheeraj Sharma | On 23 Jun 2016 This pper reviews major approaches and findings on the evaluation of the impact of different labour market institutions but pays particular attention to active labour market policies that play an impo...
by Werner Eichhorst | On 15 Jun 2016 This paper contains the annual report 2010 of Ministry of Finance and Planning, Government of Sri Lanka.
by Ministry of Finance and Planning, Govt of Sri Lanka | On 15 Jun 2016 Global commodity prices surge of 2007-08 sent an inflationary shock across the countries. 2014 global prices descend
resulted in significant disinflation in many countries and...
by Muhammad Nadim Hanif | On 06 Jun 2016 The paper deals with the above issues by analyzing the scenario
in NEI, as to how the region with its present status fits into the
LEP regime. In this regard, the contemporary ma...
by Gorky Chakraborty | On 06 Jun 2016 Since its independence the government
of Bangladesh had taken various measures to reduce the intensity of poverty on rural
people in Bangladesh. Therefore, the purpose of this study is to examine wh...
by Mahfuza Akther | On 20 May 2016 The episode of volatility starting on May 22, 2013, when Federal Reserve Chairman Ben Bernanke first spoke of the possibility of the US central bank “tapering” its security purchases, had a sharp nega...
by Shekhar Shah | On 09 May 2016 This paper assesses the fiscal space and cyclicality of total Indian Central Government expenditure and its
major components
by Ashima Goyal | On 02 May 2016 This paper examines what the empirical evidence has to say about the strength of monetary transmission in India, using the structural vector autoregression (SVAR) methods that have been applied broadl...
by | On 02 May 2016 This paper shows that the institutional changes such as Inflation Targeting (IT) helps lower inflation without depending upon the level of Central Bank Independence (CBI) in a country as is suggested...
by | On 02 May 2016 This paper revisits the Dornbusch exchange rate overshooting in a different model setting.
by Taniya Ghosh | On 02 May 2016 Aggressive monetary policy actions by one country can lead to significant adverse cross-border spillovers on others, especially as countries contend with the zero lower bound. If countries do not inte...
by Prachi Mishra | On 31 Mar 2016 A brief summary by Niti Aayog about the pre and post 2016-17 Indian Budget Analysis.
by Arvind Panagariya | On 28 Mar 2016 Budget Speech of Finance Minister of Haryana.
by Capt. Abhimanyu | On 22 Mar 2016 Optimality of pro-cyclical monetary policy in the presence of informal sector and firm level
constraint is analysed. The findings suggest that in case of export demand shock pro-cyclical monetary pol...
by Waqas Ahmed | On 21 Mar 2016 This paper devises quantitative techniques to analyze the management
of foreign capital flows in India over the past three decades.
The paper argues that India's overall approach towards liberaliza...
by Abhijit Sen Gupta | On 15 Mar 2016 The 1997 Asian financial crisis and the 2008 global financial and economic crisis further demonstrated the importance of financial stability. Both crises showed how balance sheets of financial institu...
by Asian Development Bank Institute | On 15 Mar 2016 This report describes the development of financial soundness indicators for Bangladesh and analyzes how these can help identify key challenges to support financial sector stability in the country.
by Asian Development Bank Institute | On 15 Mar 2016 Do global spillovers clog transmission channels of monetary policy through domestic financial markets? Drawing on stylised facts and using a dynamic factor model to develop an indicator of global spil...
by Michael Debabrata Patra | On 14 Mar 2016 This paper presents the findings from the impact evaluation of the School Year (SY) 2013–2014 implementation of the program. This is a follow-up on the process evaluation conducted by the PIDS. The st...
by Ana Maria L. Tabunda | On 14 Mar 2016 The global economy is finding it hard to restore pre-Great Recession growth rates – every report of the IMF seemingly downgrades its previous growth forecasts. Why has the recovery been so slow? When
...
by Raghuram G. Rajan | On 14 Mar 2016 There are few areas of robust growth around the world, with the IMF repeatedly reducing its
growth forecasts in recent quarters. This period of slow growth is particularly dangerous
because both ind...
by Raghuram G. Rajan | On 14 Mar 2016 The existing empirical literature on Taylor-type interest rate rules has failed to achieve a robust consensus. Indeed, the relatively common finding that the Taylor principle does not hold has fueled...
by Matthew Greenwood Nimmo | On 13 Mar 2016 Forward-looking RE models such as the popular New Keynesian (NK) model do not provide a unique prediction about how the model economy behaves. We need some mechanism that ensures determinacy. McCallum...
by Patrick Minford | On 13 Mar 2016 In this paper, considering the district level variations in literacy and other pertinent socio-economic variables we explore whether efficiency in education in district level enrolments is merely a re...
by Brijesh C. Purohit | On 11 Mar 2016 This paper studies the effect of domestic macroeconomic news releases on the change in the bond yields of India, China and Japan. We apply event study method to observe whether the large set of new in...
by Sreejata Banerjee | On 10 Mar 2016 Financial inclusion is considered as cause as well as outcome of inclusive growth. This study tries to construct a comprehensive measure of financial inclusion and evaluate the extent of financial inc...
by Shrabani Mukherjee | On 10 Mar 2016 The present study provides the link between poverty and labour market. The other strength of the paper is the use of newly conducted Pakistan Socio-economic Survey 1998-99, which provides the latest i...
by Zafar Mueen Nasir | On 10 Mar 2016 The present study while decomposing poverty across different socio-economic groups has included this variable in the analysis. The determinants of poverty based on logistic regressions have also been...
by Sarfraz K. Qureshi | On 10 Mar 2016 The role of macroeconomic policy in the different varieties of capitalism has been largely ignored. Recent contributions to the literature have argued that nonliberal economies should be expected to h...
by | On 09 Mar 2016 The diversification of Bhutan’s relations began with its entry into the United Nations in 1971, and while external relations continued to be largely confined to India, the establishment of its relatio...
by | On 02 Mar 2016 The 1994 Fiscal Reforms in China were spectacularly successful in meeting the immediate challenges that the economy faced at that time—a sharply dropping tax/GDP ratio, and limited ability of the cent...
by Ehtisham Ahmad | On 01 Mar 2016 The dynamics of the monetary system is undergoing significant changes in India. The entire concept and flow of money; narrow, broad or base, is being influenced by measures related to financial inclus...
by Charan Singh | On 27 Feb 2016 The vulnerability of banks to macroeconomic and financial shocks is an area of growing interest to policymakers, especially in emerging markets. Strong adverse aggregate shocks contribute heavily to l...
by Rohit Gupta | On 27 Feb 2016 This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special...
by Yung Chul Park | On 22 Feb 2016 Is there asymmetry in the distribution of government bond returns in developed countries? Can asymmetries be predicted using financial and macroeconomic variables? To answer the first question, we pro...
by Ippei Fuijwara | On 21 Feb 2016 Over the last decade, the Dynamic Stochastic General Equilibrium (DSGE) framework has become a workhorse for macroeconomic analysis in both academic and policy circles. Following this emerging trend,...
by Parantap Basu | On 21 Feb 2016 The rise of regional monetary arrangements poses a challenge for the International Monetary Fund (IMF)'s global surveillance efforts. This paper reviews how the IMF has responded to earlier regional i...
by Barry Eichengreen | On 21 Feb 2016 Financial safety nets in Asia have come a long way since the Asian Financial Crisis (AFC) of 1997–98. Not wanting to rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiati...
by Hal Hill | On 21 Feb 2016 This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy challenges when promoting intraregional exchange rate stability. First, there must b...
by Masahiro Kawai | On 21 Feb 2016 This study attempts to assess the impact of two shocks-trade liberalization and a deline in remittances from abroad-on poverty in Pakistan using a CGE framework.
by Rizwana Siddiqui | On 19 Feb 2016 The employment shock of late 2008 in the People’s Republic of China (PRC) may have been a product of three different events: (i) the contractionary macroeconomic policies introduced by the government...
by Xin Meng | On 19 Feb 2016 Informal builders provide the bulk of affordable housing and define large areas of our cities. Originally created for those long considered as poor and unable to house themselves, over time the result...
by Dr. Reinhard Goethert | On 19 Feb 2016 China’s first attempt to establish a multilateral financial institution was met with some suspicion and caution in the west. According to one interpretation, China is frustrated with the United States...
by Mike Callaghan | On 19 Feb 2016 Rise in the underground economy creates problems for the policy-makers to formulate economic policies, especially the monetary and fiscal policies. It is found that if there was no tax evasion, budget...
by M. Ali Kemal | On 17 Feb 2016 The study employs Girton and Roper (1977) measure of exchange market pressure—sum of exchange rate depreciation and foreign reserves outflow, to examine the interaction between exchange market pressur...
by M. Idrees Khawaja | On 16 Feb 2016 The purpose of this paper is to emphasize the importance of Europe’s structural problems and governance as the cause of the current euro area crisis. The euro may have led to bubbles, but member econo...
by Sahoko Kaji | On 16 Feb 2016 Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2...
by Naoyuki Yoshino | On 16 Feb 2016 In Asia, small and medium-sized enterprises (SMEs) account for a major share of employment and dominate the economy. Asian economies are often characterized as having bank-dominated financial systems...
by Naoyuki Yoshino | On 16 Feb 2016 A widely agreed proposition in modern economics is that policy rules have greater advantage over discretion in improving economic performance. Simple monetary policy instrument rules are feasible opti...
by Wasim Shahid Malik | On 15 Feb 2016 The Taylor rule (1993) focuses only on two objectives: output and inflation. In practice, the central bank’s loss function (especially in developing countries) contains objectives other than these two...
by Wasim Shahid Malik | On 15 Feb 2016 Like other developing countries, Bangladesh initiated financial sector reform program during 1990’s. The main objectives of the financial sector reform programs were: i) Gradual B 3 | P a g e eliminat...
by Sayera Younus | On 15 Feb 2016 The current thinking on the subject of the central bank communication policy centres squarely on the transparency with which the bank conveys its beliefs on the evolving pattern of macroeconomic funda...
by Bangladesh Bank BB | On 15 Feb 2016 This document is designed to present a brief but comprehensive view of the real and monetary developments during the immediate past quarters and project the expected developments in the immediate futu...
by Bangladesh Bank BB | On 15 Feb 2016 This paper examines whether monetary policy transmits through bank assets or liabilities or both. This is an important policy issue since in order to know the effectiveness of monetary policy it is ne...
by Sayera Younus | On 15 Feb 2016 Identifying core inflation has become a very important issue for the Central Banks of the world for last few years. It has also become a practice to monitor the core inflation along side the headline...
by Md. Shahiduzzaman | On 15 Feb 2016 Lower spread is a vital indicator of the efficiency and competition in the financial system and conducive to higher economic growth of a country via investment spending. In Bangladesh, the spread in t...
by Shamim Ahmed | On 15 Feb 2016 Bangladesh Bank (BB) adjusted its monetary policy stance during 2005 in order to contain inflationary pressures and facilitate stability in the foreign exchange market. At the end of 2005, interest ra...
by Shubhasish Barua | On 15 Feb 2016 In this paper two measures of the monetary policy stance are constructed. The stance of monetary policy, regarded as a quantitative measure of whether the policy is too tight, neutral, or too loose re...
by Farooq Pasha | On 14 Feb 2016 This paper analyses monetary policy transparency of the central bank (SBP) using the Eijffinger and Geraats (2006) index. The results show that the SBP scores 4.5 out of 15, which is lower than any of...
by Wasim Shahid Malik | On 14 Feb 2016 Public procurement impacts people’s lives and accounts for a big share government budgets. The large monetary transactions involved make the risk of abuse high and the need for anti-corruption safegua...
by Transparency International TI | On 12 Feb 2016 Bonus continues to be an important component of the pay mix of employees. This practice is followed by most of the organizations to keep employees committed, motivated and dedicated towards their orga...
by | On 10 Feb 2016 The Report on the State of the World’s Plant Genetic Resources for Food and Agriculture provides a comprehensive overview on the status and trends of conservation and use of plant genetic resources at...
by Food and Agricultural Organization [FAO] | On 08 Feb 2016 This paper estimates the effect of local labor market conditions on crime in a developing country with high crime rates. Contrary to the previous literature, which has focused exclusively on developed...
by Rafael Dix-Carneiro | On 07 Feb 2016 In this study, an investigation of the effects of capital inflows on domestic price level, monetary expansion and exchange rate volatility. To proceed with this, linear and nonlinear cointegration and...
by Abdul Rashid | On 06 Feb 2016 Since the introduction of rational expectations in the literature, most of the research focus in the area of macroeconomics has been investigating micro foundations of macroeconomic theory and transmi...
by Wasim Shahid Malik | On 06 Feb 2016 In this study, an attempt has been made of develop a dynamic macroeconometric model of Pakistan’s economy to examine the behaviour of major macroeconomic variables such as output, consumption, investm...
by Muhammad Arshad Khan | On 06 Feb 2016 Monetary policy has changed in a number of ways during the last two decades. Along with the other characteristics, modern monetary policy is forward-looking, and the central banks respond contemporane...
by Muhammad Nasir | On 06 Feb 2016 Despite receiving large quantities of foreign aid, Pakistan, like many other developing countries, has remained stagnant and become more aid dependent. This grim reality has provoked a vigorous debate...
by Muhammad Javid | On 06 Feb 2016 Controlling prices is one of the major tasks for the macroeconomic policy-makers. The recent oil price hike that shifted the policy towards biofuels and some natural calamities increased food prices a...
by Henna Ahsan | On 06 Feb 2016 This paper analyzes the relative performance of inflation and price-level targeting regimes in an AS-IS-LM framework under alternative policy instruments used by the central bank.
by Haider Ali | On 03 Feb 2016 Present study is conducted to measure the impact of financial integration on economic growth in Asian developing economies using panel data of twelve Asian countries from 1984-2012. In first part of a...
by Madiha Bashir | On 03 Feb 2016 Industrial countries are still struggling, with a few exceptions, to grow. Our fellow BRICS all have deep problems, with confidence about China waxing and waning. India appears to be better in this l...
by Raghuram G. Rajan | On 01 Feb 2016 Many authors have described and modelled Keynesian effects in a Babysitting Cooperative (BSC), which has the underlying structure of a single good barter economy. A simple model of the BSC economy is...
by Asad Zaman | On 30 Jan 2016 The present paper titled Public Expenditure, Employment and Poverty in Bangladesh An Empirical Analysis has been prepared under the CPD-UNDP collaboration programme on Pro-Poor Macroeconomic Policies...
by Centre for Policy Dialogue CPD | On 29 Jan 2016 The present paper titled Poverty-Environment Nexus: An Investigation of Linkage and Policy Implications has been prepared under the CPD-UNDP collaboration programme on Pro-Poor Macroeconomic Policies...
by Centre for Policy Dialogue CPD | On 29 Jan 2016 This paper is an attempt to study plausible causal relationship of women’s physiology and behaviour components with fertility in more or less non-industrial rural populations in Orissa, an Eastern Ind...
by Satyajeet Nanda | On 28 Jan 2016 This note provides estimates of inflation rate of import-concentrated commodities and their contribution to overall inflation in Bangladesh. The results suggest that the Bangladesh economy has been ex...
by M. G. Mortaza | On 23 Jan 2016 The statutory liquidity requirement (SLR), as a monetary policy instrument, has experienced infrequent changes in Bangladesh. Past evidence shows that reduction in SLR produced positive impact on bank...
by Sayera Younus | On 23 Jan 2016 The main purpose of the survey is to collect data on the extent of the mis-reporting of deposit interest rates, as accurate data is essential for effective financial and monetary policy.
by Md. Ezazul Islam | On 23 Jan 2016 India and its partners – Brazil, China, Russia and South Africa – in the BRICS forum have launched the New Development Bank. With the leaders of these countries, who recently met at Ufa in Russia, dis...
by | On 23 Jan 2016 It may be time to look at the market forecasts that pundits had made earlier.
by T.N. Ninan | On 23 Jan 2016 Over the years, the Bangladesh Bank (BB) has been using changes in consumer price index (CPI) inflation as the operational guide to measuring price stability in Bangladesh. In recent years, it has how...
by Bangladesh Bank | On 23 Jan 2016 In the backdrop of recent global developments, this note examines some of the characteristics of inflation in Bangladesh including the contribution of major commodity groups to overall inflation in ru...
by Bangladesh Bank | On 23 Jan 2016 This note examines recent movements in net domestic asset (NDA) and net foreign asset (NFA) of BB vis-à-vis the proposed monetary program for FY09 and brings out possible policy implications and manag...
by Bangladesh Bank | On 23 Jan 2016 The present study tries to examine the behaviour of various Indian interest rates such as call money rate, and yields on secondary market securities with maturity periods of 15 to 91 days, 1-year, 5-y...
by B B Bhattacharya | On 22 Jan 2016 Predictions of the current state of the Indonesian economy are done by estimating a Dynamic Factor Model on a dataset of 11 indicators (also followed closely by market operators) over the time period...
by | On 22 Jan 2016 This paper expands on this contention, reviewing the primarily empirical research on the employment impacts of the macroeconomic policy environment, with a particular focus on women’s employment whene...
by | On 19 Jan 2016 This paper assesses the effects of combining fiscal austerity with flexibilization policies aimed at reducing labour costs and increasing competitiveness. Core to our analysis is a global perspective...
by | On 11 Jan 2016 This paper presents the empirical results of the volatility transmission of money market overnight
repo rate along the yield curve in Pakistan. The results indicate that the transmission of volatilit...
by Asif Mahmood | On 11 Jan 2016 In the 1970s, the oil-producing and exporting countries of the Middle East delivered a shock to the global economic system that had many unexpected consequences. The then-quadrupling of the price of o...
by Shahid Javed Burki | On 09 Jan 2016 The authors develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In their exploration, they...
by Masahiro Kawai | On 07 Jan 2016 Japan’s “two lost decades” perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as “Japanization.” More recently, widespread stagnation in advanced...
by Masahiro Kawai | On 07 Jan 2016 The Asian financial crisis (1997-1998) and the global financial crisis (2007-2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This...
by Masahiro Kawai | On 07 Jan 2016 This is a perception survey of business owners and operators in four districts of Nepal. The survey provides a snapshot of prevailing state of business environment in Nepal and identifies most critica...
by Bal Khadka | On 02 Jan 2016 Road Transportation, Regulations and Charges in Indonesia. To assess the size and nature of domestic road transportation costs, The Asia Foundation, in partnership with the University of Indonesia's I...
by The Asia Foundation | On 02 Jan 2016 The paper updates debt sustainability analysis (DSA) for developing Asia, conducted in 2011. With the benefit of hindsight, the accuracy of the earlier debt ratio forecasts and underlying macroeconomi...
by Benno Ferrarini | On 29 Dec 2015 This paper reviews the history of East Asian monetary policy frameworks since 1990; describes current monetary policy frameworks, including issue of price versus financial stability for a central bank...
by Peter Morgan | On 29 Dec 2015 “Abenomics” refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelmin...
by Farhad Hesary | On 29 Dec 2015 We estimate the response of Asian stock market prices to exogenous monetary policy shocks using a vector error correction model. In our paper, monetary policy transmits to stock market price through t...
by Farzana Sehrin | On 29 Dec 2015 This paper examines issues of women’s employment and decent work in the context of the on-going global financial and economic crisis. Recognizing that financial and economic crises affect men and wome...
by UN Women | On 28 Dec 2015 The intention of this study is to analyze lending rate behavior in Bangladesh and also to determine the factors that mostly affect the lending rates. For this purpose, a set of macro and bank specific...
by Shahana Nasrin | On 22 Dec 2015 This paper seeks to identify the strategic and economic variables involved in India’s decision about whether or not to pursue a proposed natural gas pipeline from Iran. There is a lot of misinformatio...
by | On 22 Dec 2015 The paper reports on existing incentive structures in a sample of government and private schools in Delhi and elicits teachers’ perspectives on factors which motivate them. It is found that performanc...
by | On 21 Dec 2015 The intention of this paper is to examine whether Real Exchange Rate (RER)depreciation has any impact on export, import and trade balance of Bangladesh.
Real exchange rate is calculated using Tk./do...
by Maidul Chowdhury | On 19 Dec 2015 This paper considers the role of the exchange rate in the economy and its importance as a macroeconomic instrument, and outlines the policy choices that are available to governments in general, and th...
by Keith Jefferis | On 18 Dec 2015 This policy brief recommends that these include commitments to: ending extreme poverty and inequality, with a special focus on gender equity and women’s rights; aligning with environmental and social...
by Oxfam International | On 17 Dec 2015 Back in 2004, when I ran the Chinadesk at the International Monetary Fund, my team some written questions to Beijing ahead of our meetings with Chinese officials. China’s central bank had claimed that...
by Eswar Prasad | On 16 Dec 2015 The objective of this study is to examine the characteristics of the stock market bubble burst in Bangladesh and policy response for the sample period from 2004:7-2013:2. This paper also discusses the...
by Dr. Sayera Younus | On 15 Dec 2015 Post-7th Pay Commission recommendations, the pay being offered now should not be a disincentive for public-spirited people with ability. Can the government afford this hike?
by T.N. Ninan | On 21 Nov 2015 It is often emphasised that seigniorage financing of public sector deficits is technically a “free
lunch” if the economy has not attained the full employment levels. However, conservative
macroecono...
by Lekha S. Chakraborty | On 16 Nov 2015 Conservation agriculture (CA) technologies are being developed for the cereal production systems of South Asia to address the multifaceted problems of decelerating agricultural productivity, resource...
by Vijesh Krishna | On 02 Nov 2015 The paper argues that central banks should play a broader role in helping developing countries meet their key challenges, such as generating productive employment, helping to allocate investment to pr...
by | On 28 Oct 2015 In this paper the aim is to investigate the different nuances of India's capital account management through empirical analyses as well as descriptive discussions. In particular the study the evolution...
by Rajeswari Sengupta | On 19 Oct 2015 Using a theoretical framework that
combines the essence of Ramsay’s growth model and the New-Keynesian macrodynamics,
and applying the Kalman filter estimation technique, this paper finds that
Indi...
by Harendra Behera | On 16 Oct 2015 Self-help groups (SHGs) are the most common form of microfinance in India. The authors provide evidence that SHGs, composed of women only, undertake collective actions for the provision of public good...
by | On 01 Oct 2015 This study examines the implications of variations in climate variables on ground water sources of irrigation and agricultural income in the Indian state of Tamil Nadu. Our findings, based on a panel...
by Balasubramanian R | On 24 Sep 2015 Review of Universal Man: The Seven Lives of John Maynard Keynes by Richard Davenport-Hines. New York: Basic Books, 2015. 418 pp.
Rs. 1,729/- (cloth), IISBN-13: 978-0007519804.
by John Graham | On 23 Sep 2015 This study uses P-star model to examine the role of money in explaining inflation in India. In particular, we compare the performance of traditional Phillips curve approach against P-star model in for...
by Sunil Paul | On 14 Sep 2015 To elicit the public’s views on health system issues, the study conducted an opinion poll survey in Bangladesh, Mongolia, Nepal, and Sri Lanka. The study focused on health inequalities. The results sh...
by Bhatia Mrigesh | On 01 Sep 2015 Against the backdrop of the new monetary policy framework, this paper analyses the determinants of inflation in the deregulated financial regime. The paper upfront has been kept free from adherence to...
by Lekha Chakraborty | On 25 Aug 2015 How is the RBI helping the government to create the conditions for a sustainable growth? Structural reforms will help
strengthen this growth – two weeks ago, the Government announced Indradhanush, la...
by Raghuram G. Rajan | On 25 Aug 2015 This paper compares the experience of poverty reduction in China and India. It finds that more than economic growth per se, what has mattered crucially is the nature of the growth: whether it is assoc...
by Jayati Ghosh | On 21 Aug 2015 Enhancing bank competition, among other measures, could adequately strengthen interest rate transmission; but the danger is in overreaching and losing leverage.
by Ramkishen S. Rajan | On 16 Aug 2015 This study focuses on the marketable
domestic public debt of the Government of India (GoI) in terms of size, magnitude, policy and approach followed and also discusses issues and challenges on debt m...
by Lakshmanan L | On 13 Aug 2015 This paper considers the implications of an imperfect monetary transmission mechanism for optimal monetary policy choices in an open economy. The asset market channel is restricted in this paper as so...
by | On 11 Aug 2015 This
paper is an attempt to know the equilibrium exchange rate of Taka to measure exchange rate misalignment. To estimate
the equilibrium real exchange rate we use macroeconomic balance approach, wh...
by Md. Akhtaruzzaman | On 11 Aug 2015 Recognizing the need to formulate policy strategies for the changes it faces, Myanmar started a multifaceted reform process in 2011. But speeding up development requires a multipronged but more cohere...
by | On 04 Aug 2015 This paper examines the concept of monetary policy credibility from both the theoretical and practical viewpoints. It also discusses the advantages of high credibility and explains measures that can b...
by Naveen Srinivasan | On 31 Jul 2015 For a sample of 42 high and middle income countries analyzed over a period
of 30 years ranging from 1982 till 2011, this paper shows that while an efficient trilemma policy choice
can help lower inf...
by | On 31 Jul 2015 The adoption of inflation targeting in India has been a much debated topic which also becomes a challenge for the emerging economy. Though inflation targeting has already been adopted in many emerging...
by Charan Singh | On 17 Jul 2015 Amidst calls for reform of international financial institutions and failure of existing development banks to satisfy the development financing needs of developing countries in general, and BRICS in pa...
by | On 16 Jul 2015 This paper considers the implications of an imperfect monetary transmission mechanism for optimal monetary policy choices in an open economy. The asset market channel is restricted in this paper as so...
by | On 09 Jul 2015 The adoption of inflation targeting in India has been a much debated topic which also becomes a challenge for the emerging economy. Though inflation targeting has already been adopted in many emerging...
by Charan Singh | On 18 Jun 2015 This article utilises state-level data for 1961–2012 to examine the interlinkage between informal finance and monetary policy. The analysis suggests that in response to a monetary contraction, borrowi...
by Saibal Ghosh | On 15 Jun 2015 The transmission mechanism of policy-induced changes are is analysed in the discount rate and required reserves in Pakistan. The results suggest that the pass through to the lending rate is complete f...
by Muhammed Omar | On 05 Jun 2015 On the basis of an assessment of the current and evolving macroeconomic situation the statement suggest that the global recovery is still slow and getting increasingly differentiated across regions.
by Raghuram G. Rajan | On 03 Jun 2015 If the South Asia region hopes to meet its development goals and not risk slowing down or even halting growth, poverty alleviation, and shared prosperity, it is essential to make closing its huge infr...
by World Bank | On 27 Apr 2015 The network neutrality debate is closely related to social, political, and economic debates over the public information network and the duties of its private carriers. The paper begins by defining net...
by | On 15 Apr 2015 This article details three key policy issues that have a profound effect on the future of the World Wide Web and Internet-based communications: net neutrality, corporate data mining, and government su...
by Heidi A. McKee | On 15 Apr 2015 A comprehensive overview of a few empirical studies is presented that have explored the issue of Trilemma in the Indian context. Based on these studies an analysis is done on how have Indian policy ma...
by Satish Y Deodhar | On 30 Mar 2015 This report present the findings from a mission undertaken by the authors in Vietnam in 2005. This report provides some of the particular aspects of the health sector from an economic perspective. It...
by | On 24 Mar 2015 The January 2015 issue of IMI Konnect (Volume 4, Issue 1) contains the following articles - Does Monetary Policy Limit Lending Behaviour of Banks? by Samaresh Bardhan; Entrepreneurship Education in In...
by IMI Konnect | On 24 Mar 2015 The objective of this study is to examine the structural basis on which Finance Commissions make their awards rather than examining the predictability of the forecasts. The story of Finance Commission...
by | On 12 Mar 2015 An outcome report of IMF-World Bank meetings held in October 2014, this report highlights the stark inequalities in human development in South Asia. Based on parameters such as monetary indicators, he...
by Martin Rama | On 17 Feb 2015 This paper attempts to study financial access of unorganized manufacturing enterprises in India given their importance to the economy and the fact that finance has been the main constraint on their gr...
by T.A. Bhavani | On 09 Feb 2015 The report argues the recent setback in global economy and ways to strengthen the growth in developing countries. with a view to undertake growth and recovery in high-income countries, there is need t...
by World Bank | On 14 Jan 2015 The inaugural budget of the NDA led government has been a cause of some surprise and disappointment amongst those who were eagerly expecting a new radical dose of neo-liberal reforms. It appeared that...
by Surajit Mazumdar | On 22 Sep 2014 The FRBM Act was reflective of the shared commitment across political parties towards fiscal conservatism. A decade later, the picture, as reflected in the Union Budget, is yet to change for the bette...
by Surajit Mazumdar | On 07 Aug 2014 The paper reviews the calculation of Indian wholesale and consumer price indices and suggests improvements in the light of past experience and international best practices. It confirms that food infla...
by Kirti Gupta | On 22 Jul 2014 The article examines the restructuring of expenditure in the first budget of the new government, and its
feasibility. It compares the increase in budget allocations for key macroeconomic aggregates a...
by Ashima Goyal | On 21 Jul 2014 In 2014-15, the Indian economy is poised to overcome the sub-5 per cent growth of gross domestic product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad ba...
by Planning Commission | On 10 Jul 2014 This study examines the impact of India's Public Distribution System (PDS) on poor households in terms of income gains, reductions in the incidence and severity of poverty, as well as nutritional impr...
by R. Radhakrishna | On 07 Jul 2014 In southern Nepal, rice straw burning in open fields is common practice. This is problematic because biomass burning contributes to smoke, black carbon and greenhouse gases. While some studies have ex...
by Krishna Prasad Pant | On 02 Jun 2014 This paper studies the productivity impact of a contract change. The setting is a tea plantation in
India. The activity in question is tea-plucking, the output from which is measurable and contractib...
by Rajshri Jayaraman | On 24 Jan 2014 The fate and future of Pakistan has been an issue of considerable concern and anxiety not only inside Pakistan but in the world at large and South Asia in particular. The Fund for Peace project on the...
by S.D. Muni | On 22 Jan 2014 Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release].
by Sabeeta Badkar | On 05 Sep 2013 This Tenth Nani A. Palkhivala Memorial lecture lecture centres around the role and responsibility of a central bank in a democratic structure. Central banks make macroeconomic policy that influences t...
by Duvvuri Subbarao | On 30 Aug 2013 This paper analyses the property tax system in India, examines the reasons for its low revenue productivity, reviews the recent reform initiatives and identifies further reform areas. [NIPFP Working P...
by M. Govinda Rao | On 06 Feb 2013 Son preference is widespread in a number of developing countries. Anecdotal evidence
suggests that women may contribute to the persistence of this phenomenon because they
derive substantial long-run...
by Laura Zimmermann | On 19 Nov 2012 The Mid-Term Appraisal (MTA) reviews the experience in the first three years of the Plan and seeks to identify areas where corrective steps may be needed. The chapter presents a broad overview of the...
by Planning Commission | On 05 Oct 2012 This paper focuses on the assessment of energy savings potential in seven highly energy consuming industries. The paper estimates the energy savings potential for each of these industries using unit l...
by Manish Gupta | On 17 Sep 2012 A brief outline of the economic and financial structure of the State and the various financial inclusion initiatives taken by the Reserve Bank is highlighted. But there are some policy challenges in s...
by Deepak Mohanty | On 03 Sep 2012 Rapid ageing of the population globally represents an unprecedented historical trend. As pension and healthcare costs are positively correlated with rising incomes, ageing, urbanization, and a shift f...
by Azad Singh Bali | On 20 Aug 2012 Estimates suggest that Indian aggregate supply is elastic but subject to upward shocks. If supply shocks
make a high persistent contribution to inflation, it implies second round pass through is occu...
by Ashima Goyal | On 16 Aug 2012 Recent history tells us that the growth rate of the economy does not automatically go up and down with good and bad monsoons. [BS Weekend Ruminations]. URL:[http://www.business-standard.com/india/news...
by T.N. Ninan | On 18 Jul 2012 A comprehense documentation - using
both annual and quarterly data - an exhaustive set of stylized facts for the
Indian business cycle in the pre and post reform period, the data is used to
report...
by Chetan Ghate | On 19 Jun 2012 Lead recycling is often supported through a well-functioning Deposit Refund System (DRS) in the market for
batteries (branded and generic). In this system, people can get a discount on the purchase o...
by Yamini Gupt | On 18 Jun 2012 The estimation of capacity utilisation (CU) derives its significance from the fact that, if properly assessed, it may provide a reliable indication of incipient inflationary pressure in an economy. Me...
by Atri Mukherjee | On 09 May 2012 Th is study, which is supported by the ministries of fi nance and
the central banks of the BRICS, focuses on synergies and complementarities
between the economies, highlighting their role as growth
...
by Ministry of Finance | On 18 Apr 2012 The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt crisis of 2010-11. During the worst of the recent financial crisis/Great Recession...
by Michael D Bordo | On 13 Apr 2012 Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying f...
by Safia Shabbir | On 09 Apr 2012 This paper analyses the impact of transmission of international oil prices and domestic oil price pass-through policy on major macroeconomic variables in India with the help of a macroeconomic policy...
by N R Bhanumurthy | On 16 Mar 2012 BUDGET SPEECH 2011-2012 by
DR. ABDUL HAFEEZ SHAIKH, Minister for Finance, Revenue, Economic Affairs, Statistics and
Planning & Development.
by Minister of Finance Pakistan | On 12 Mar 2012 In this context, higher education as well as research and development (R&D) have long since ceased to be purely the domain of the developed Western economies. Numerous regions of the world, some in th...
by Ingo Rollwagen | On 09 Mar 2012 Time is an important economic resource that can be spent in a variety of
ways. Diverse demands on a person’s time may reach a point where the
individual may be categorized as time poor. Time poverty...
by Najam us Saqib | On 09 Mar 2012 Budget speech by Nepal Finance Minister. URL:[http://www.mof.gov.np/publication/speech/2011/pdf/budgetspeech_english.pdf].
by Ministry of Finance, Government of Nepal | On 06 Mar 2012 The general objective of the paper is to review the different macroeconomic models and
microeconomic valuation methods applied in the analysis of the natural resource and enviromnent
sector which ar...
by Danilo C Israel | On 27 Feb 2012 The effect of electoral rules and forms of government on public policy outcomes using a new dataset on agriculture and food policies from 74 countries over the 1960-2005 period is investigated. Using...
by Alessandro Olper | On 22 Feb 2012 The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation...
by Mario Lamberte | On 21 Feb 2012 The paper has two objectives, namely: (a) determine and assess how existing empirical
household models are able to capture the effects of changes in the macroeconomic variables on the
welfare of the...
by Aniceto C. Orbeta Jr. | On 17 Feb 2012 Standard errors (S.Es.) of month on month and year on year inflation in Pakistan are estimated
based on data for the period of July 2001 to June 2010 using stochastic approach as well as
extended s...
by Javed Iqbal | On 15 Feb 2012 Unpredictable rainfall is an important risk for agricultural activity, and farmers in developing
countries often receive incomplete insurance from informal risk-sharing networks. The demand for, and...
by A. Mushfiq Mobarak | On 10 Feb 2012 The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a...
by M R Anand | On 06 Feb 2012 Stability results for an open economy DSGE adapted to an emerging market (SOEME) with a dualistic
structure have the same structure as in the original model, but those derived for the simulated versi...
by Ashima Goyal | On 02 Feb 2012 A large number of studies in Nepal have been conducted to identify the factors responsible for
inflation based on the different theories of inflation. Although these studies provide insight
into the...
by Nepal Rastra Bank Research Department NRB | On 02 Feb 2012 RBI Governor D. Subbarao answering to researchers after publishing the monetary policy. [RBI]. URL:[http://rbidocs.rbi.org.in/rdocs/Content/PDFs/RBIRA27012012.pdf]
by Reserve Bank of India RBI | On 30 Jan 2012 This policy review is set in the
context of a highly uncertain global
environment and a delicately poised
domestic balance between growth
and inflation. It should be read and
understood together...
by Duvvuri Subbarao | On 25 Jan 2012 The Growth outlook has weakened as
a result of adverse global and domestic factors
that have been mentioned above. Business
and consumer confidence has been impacted.
Professional forecasters now...
by Reserve Bank of India RBI | On 25 Jan 2012 This paper explores the relationship between inflation and relative price variability (RPV) by using disaggregated CPI data for Pakistan. Three methods have been used to assess the functional form and...
by Muhammad Akmal | On 25 Jan 2012 This paper assesses the sources of risk for Indian banks in the context of their history, structure, level of development, and policy environment and draws out implications for global and domestic pol...
by Ashima Goyal | On 18 Jan 2012 The current global financial crisis has reopened an old debate on the international monetary system by baring weaknesses and flaws that have long been known. The debate is centred on both stability an...
by Alok Sheel | On 10 Jan 2012 One of the methods of measuring the effectiveness of monetary policies is via inspection of
monetary neutrality in the economy. It is a concept from classical economics and it suggests that
changes...
by Mukesh Khanal | On 16 Dec 2011 How does informality in emerging economies affect the conduct of monetary and
fiscal policy? To answer this question two-sector, formal-informal new
Keynesian closed-economy is constructed. The inf...
by Nicoletta Batini | On 02 Dec 2011 A closed model DSGE model of the Indian economy is developed and it is estimated
by Bayesian Maximum Likelihood methods using Dynare. A model is build up in stages to
with a number of features impo...
by Vasco Gabriel | On 28 Nov 2011 This paper reviews the literature on the informal economy, focusing first on empirical
findings and then on existing approaches to modelling informality within both
partial and general equilibrium e...
by Nicoletta Batini | On 24 Nov 2011 The trends in food
inflation over the past 60 years are given. Having thus set the context, the factors
driving structural food inflation, which should give us a perspective of the
underlying dynam...
by Duvvuri Subbarao | On 24 Nov 2011 With deep crisis weakening potential output growth, the need for an
explicit growth policy is emerging most starkly in Japan, the EU and
the US. If properly shaped, this will help to consolidate bud...
by Klaus Deutsch | On 21 Nov 2011 The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors
(particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past
decade, however,...
by Stephen Grenville | On 15 Nov 2011 As markets deepen and interest elasticities increase it is optimal for emerging markets to shift towards
an interest rate instrument since continuing monetization of the economy implies money demand...
by Ashima Goyal | On 04 Nov 2011 In support of the financial-accelerator theory, evidence is found on countercyclical price-cost
banking margins possibly explaining the amplifications of business cycles in Pakistan. [WP 41]. URL:[ht...
by Shah Hussein | On 03 Nov 2011 In an earlier paper (Alagh, Munish, 2011) it was shown that macro economics matters in
agriculture. The relevance of understanding the impact of macro-economic policy on
agriculture was outlined. A...
by Munish Alagh | On 24 Oct 2011 This study analyses the behaviour of monetary and fiscal policies
interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that,
even after the elimination of automatic monetisation...
by Janak Raj | On 11 Oct 2011 The growth of East Asia’s intra-regional trade is driven largely by increased component
trade within global electronics production networks. Data on both electronics trade and
production elucidate a...
by Byron Gangnes | On 29 Sep 2011 Over the last decade, the profile of central banks has gone up. First, we had the Great Moderation - a period of extraordinary benign macroeconomic environment globally, characterized by steady growth...
by Duvvuri Subbarao | On 27 Sep 2011 An SIIO paradigm, based on structure and ideas that become engraved in institutions and affect
outcomes, is developed to examine and assesses monetary policy in India after independence. Narrative
h...
by Ashima Goyal | On 16 Sep 2011 This paper maps out a strategy for banking sector reforms over the next decade. It is formulated by the State Bank of Pakistan (SBP) and is centered on reforms involving the SBP. But the Banking Secto...
by State Bank of Pakistan SBP | On 15 Sep 2011 With a view to increasing the coverage of banking services amongst local communities, it was proposed in the Annual Policy Statement for the year 2010-11 to set up a Committee comprising of all stakeh...
by Reserve Bank of India RBI | On 15 Sep 2011 The aftermath of the global financial crisis of 2007–2009 has called the export-led growth model of Asian economies into question. This paper describes the contribution that macroeconomic policy can m...
by Peter Morgan | On 23 Aug 2011 This paper analyses the impact of domestic and external shocks on the Indian economy.
A macro-modelling framework is developed that evaluates the impact of two
domestic shocks (rainfall shortfall an...
by B B Bhattacharya | On 15 Jul 2011 The Fisher's equation has become a foundation stone of
modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on...
by Rajas Parchure | On 04 Jul 2011 Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In contrast to other emerging markets who are levying capital controls, India‘s mac...
by R. Kohli | On 04 Jul 2011 Impact of changes in policy rate of interest on demand for bank credit is examined for seven emerging market economies including India for the period 2002 to 2010. Panel data techniques are used after...
by B L Pandit | On 24 May 2011 The limited supply of government securities in some industrial countries has important ramifications for the operating techniques used by central banks to implement monetary policy, provide credit to...
by Mark Zelmer | On 16 May 2011 In this paper the authors first develop a two-bloc model of an emerging open economy interacting with
the rest of the world calibrated using Indian and US data. The model features a
fina...
by Nicoletta Batini | On 11 May 2011 What is the best inflation measure in India? What inflation measure is most relevant for monetary policy making in India? Questions
of timeliness, weights in the price index, accuracy of food price m...
by Ila Patnaik | On 06 May 2011 This Statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and projections. URL:[http://rbidocs.rbi.org.in/rdocs/notification/PDFs/APS030511F.pdf].
by Duvvuri Subbarao | On 03 May 2011 The paper is an attempt to deal with pros and cons of deregulating savings deposit interest rate and take on board the suggestions of various stakeholders for either maintaining the status quo or dere...
by Reserve Bank of India RBI | On 02 May 2011 This paper presents a comprehensive set of stylised facts for business cycles in
India from 1950 - 2009. India's business cycle in the pre 1991 economy is compared with the post 1991
Indian economy,...
by Ila Patnaik | On 27 Apr 2011 In 2010 and 2011, there has been a fresh wave of interest in cap-
ital controls. India is one of the few large countries with a complex
system of capital controls, and hence others an opportunity to...
by Ila Patnaik | On 21 Apr 2011 There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a chan...
by Duvvuri Subbarao | On 20 Apr 2011 At the end of 2004, the macroeconomic balance in the People’s
Republic of China (PRC) raises some interesting options. The external sector
enjoys a huge surplus, with significant increases in the cu...
by Toshiki Kanamori | On 25 Mar 2011 Interest in the uncertainties prevailing at the macroeconomic level has
always been well known in economic literature. This paper analyses the
effect of firm level and macroeconomic uncertainty on t...
by Mrinal Kanti | On 22 Mar 2011 There are large
variations among the G20 countries in their deceleration experiences, transmission
mechanisms and their current macroeconomic outlook. Hence, this paper argues that
each country nee...
by Sudipto Mundle | On 14 Mar 2011 Policy coherence implies that donors in pursuing domestic policy objectives should avoid adversely affecting the development prospects of poor countries. To achieve policy coherence donors and multila...
by Amelia U. Santos Paulino | On 14 Mar 2011 The
budgetary policy of the Government has a major
role to play in achieving objectives of gender
equality and growth through content and
direction of Fiscal and Monetary Policies,
measures for r...
by Government of India Ministry of Women and Child Development | On 08 Mar 2011 Budget speech 2011-2012 by Pranab Mukherjee.
by Pranab Mukherjee | On 01 Mar 2011 State of the Economy and prospects. URL:[http://www.indiabudget.nic.in/es2010-11/echap-01.pdf].
by Ministry of Finance | On 28 Feb 2011 All proposals and policy measures in the forthcoming Budget may best be summed up as efforts to improve the sustainability of growth. Specific objectives are likely to be lowering inflation and defici...
by IRIS India IRIS | On 22 Feb 2011 Nine preliminary lessons from the Great Recession for monetary and financial policies are presented. [3rd P. R. Brahmananda Memorial Lecture].
by Stanley Fischer | On 18 Feb 2011 The purpose of this policy brief is to draw lessons from the
recent and ongoing macroeconomic policy experience of Asia’s
economies. To do so, in each of three policy areas (monetary,
fiscal, and e...
by Shinji Takagi | On 04 Feb 2011 Since a crisis is a shock impinging on a system, the response can be used to deduce aspects of the
system’s structure. Analysis of the crisis and recovery suggests aggregate supply in India is elasti...
by Ashima Goyal | On 01 Feb 2011 This statement sets out the Reserve Bank’s assessment of the current
macroeconomic situation and forward projections.
by D Subbarao | On 31 Jan 2011 The exchange rate-based monetary policy followed by the Monetary Authority of Singapore (MAS) is outlined. Possible theoretical frameworks, including a reaction function is outlined. The way the MAS h...
by Partha Sen | On 31 Jan 2011 The paper analyzes the changing INR trends over the reform period, in the context of fundamental
determinants of exchange rates. [WP-2010-024].
by Ashima Goyal | On 13 Jan 2011 The paper examines various aspects of development of minority in Vietnam.
by Bob Baulch | On 07 Jan 2011 The use of monetary policy in India has been constrained by a loose fiscal policy and capital flows. Capital inflows have the potential to cause a Dutch Disease-type situation. The RBI has carried out...
by Partha Sen | On 06 Jan 2011 Economic stability can be seen as an essential component of any strategy for inclusive development. To the extent that central banks play a role in providing that stability, the experience of the cris...
by Subir Gokarn | On 21 Dec 2010 This paper documents the convergence of incomes across Indian states over the period
1965 to 1998. It departs from traditional analyses of convergence by tracking the
evolution of the entire income...
by Sanghamitra Bandyopadhyay | On 22 Nov 2010 Monetary policy frameworks in the Asia and Pacific region have performed well in the past decade as judged by inflation outcomes. We argue that this is due to three principal factors: (i) central bank...
by Andrew Filardo | On 08 Nov 2010 Recently, a dramatic accumulation in foreign exchange reserves has been widely observed in developing countries. This paper explores the possible long-run impacts of this trend on macroeconomic variab...
by Shin-ichi Fukuda | On 01 Nov 2010 This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of...
by Yongseung Jung | On 01 Nov 2010 Apart from the episode of the mid-sixties, macroeconomic crises
have not played a major part in India's economic development. A
certain sort of stability had accompanied the lack-lustre grow...
by Pulapre Balakrishnan | On 23 Oct 2010 The East Asian crisis of 1997-98 and the Mexican crisis of 1994
generated much concern among policy analysts regarding the role of
macroeconomic policies in the management of capital inflows. A seri...
by Indrani Chakraborty | On 14 Oct 2010 The paper improves upon the original Sargent-Wallace (SW) version which had to resort to numerical simulations to prove this point It is also shown that incorporating the Mundeil-Tobin and Darby-Tanzi...
by M J Manohar Rao | On 13 Oct 2010 The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how the lessons of Asia were applied. Compared to the Asian programs of 1997, the Euro...
by Shinji Takagi | On 11 Oct 2010 The global economic and financial landscape has been transformed over the past decade by the growing economic size and financial power of emerging economies. The new G20 summit process, which includes...
by Masahiro Kawai | On 05 Oct 2010 This paper traces the effects of the “East Asian Miracle,” the 1997–1998 Asian Crisis, the recovery, and the 2008–2009 global financial crisis on ASEAN countries. It also considers how ASEAN countries...
by Willem Thorbecke | On 28 Sep 2010 The need for fiscal consolidation and sustainability is one of the key macroeconomic issues confronting Indian economy. This paper attempts to understand India’s current fiscal situation, its likely f...
by Rajiv Kumar | On 28 Sep 2010 In this paper a fiscal consolidation program for India has been presented based
on a policy simulation model that enables us to examine the macroeconomic
implications of alternative fiscal strateg...
by Sudipto Mundle | On 09 Sep 2010 In India, there is a large divergence between CPI and WPI inflation trends in
the past, wide dispersion in inflation across commodity groups within WPI,
and significant volatility in headline WPI in...
by Nadhanael G V | On 08 Sep 2010 The infeasibility of a monetary union for East Asia in the near future, as
well as the limitations of other forms of super fixes, appears to leave a flexible
regime as the only viable policy option....
by Tony Cavoli | On 30 Jul 2010 The depth and breadth of the East Asian financial crisis has
added a sense of acute urgency for some concrete and credible
measures by policy-makers to revitalise the Japanese economy.
While steps...
by Ramkishen Rajan | On 23 Jul 2010 Two features of East Asia’s recovery from the financial turmoil of 1997-
98 appear to be rather paradoxical. First, the regional economies (except
Hong Kong, China and Malaysia) have allowed a relat...
by Ramkishen S. Rajan | On 20 Jul 2010 Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged
to the US Dollar. In the crisis, many economies experienced a brief period of extreme flexibility. A `fear of float...
by Ila Patnaik | On 18 Jun 2010 In this paper we attempt to provide a comprehensive understanding of the drivers of
academic research and patenting in India. Research inputs by a faculty member are considered to be an outcome of
h...
by Amit Shovon Ray | On 20 Apr 2010 How does the Reserve Bank of India implement monetary policy? The objectives and framework of monetary policy, as they have evolved, the operational aspects of monetary policy have been discussed. Th...
by Deepak Mohanty | On 08 Apr 2010 Capital account openness and exchange rate flexibility in 11 Asian countries are examined. Asia has made slow progress on de jure capital account openness,
but has made much more progress on de facto...
by Ila Patnaik | On 04 Feb 2010 The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international re...
by Sayera Younus | On 29 Jan 2010 The Reserve Bank has pursued an accommodative monetary policy beginning mid-September 2008 in order to mitigate the adverse impact of the global financial crisis on the Indian economy. The measures ta...
by D Subbarao | On 29 Jan 2010 The purpose of this study was to explore the role and importance of human resources for the
scaling up of health services in low income countries. In the case studies, the following have been analyze...
by Christoph Kurowski | On 28 Jan 2010 A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI. Focus is also given on different secondary (derived) measures of inflation, par...
by Deepak Mohanty | On 21 Jan 2010 China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is described as the Bretton Woods II framework, where developing countries buy bonds in the...
by Ila Patnaik | On 30 Nov 2009 From the perspective of Emerging Market Economies (EMEs) and particularly for that of India, five concerns are expressed. These are: first, timing of exit from the accommodative monetary policy in the...
by D Subbarao | On 15 Oct 2009 A review of several decades of scholarship on civil war, focusing on the answers to key questions: Why do wars begin? Who fights? How are armed groups organized? How can we end and prevent internal wa...
by Christopher Blattman | On 05 Oct 2009 Options for monetary policy arising from interactions
between it and Indian foreign exchange (FX) markets. A brief survey covers
recent rapid changes providing a snapshot of current microstructure,
...
by Ashima Goyal | On 14 Sep 2009 The study attempts to examine the impact of remittances on macroeconomic activities (private consumption and investment) and its implications on economic growth in India for the period from 1966-67 to...
by Hrushikesh Mallick | On 01 Sep 2009 It presents an overview of the theme based on the author’s experience on EIA in developing countries. In many of these countries, a holistic approach has been adopted to EIA requiring the consideratio...
by Iara Verocai | On 31 Aug 2009 This paper presents findings from an extensive review of
literature on organizational cultural (OC) and highlights the relevance of OC with respect to individual, organizational, intra-organizational...
by Indu Rao | On 10 Aug 2009 The multi-dimensional role of RBI and how it reponded to the financial crisis is depicted in the presentation. [Presentation made at the 56th EXCOM Meeting and FinPower CEO Forum organised by APRACA a...
by Usha Thorat | On 15 Jul 2009 Key features of budget presented by the Finance Minister
by Pranab Mukherjee | On 06 Jul 2009 Establishing a debt management office would consolidate all debt management functions in a single agency, and be the catalyst for wider institutional reform and transparency about public debt. It is i...
by Ministry of Finance | On 04 Jul 2009 The paper attempts to analyse the emerging contours of regulation of financial institutions with an emphasis on the emerging challenges and dynamics. [Paper prepared for Financial Stability Review of...
by Rakesh Mohan | On 29 Jun 2009 This note analyses the major characteristics of the current inflationary episode in the economy along with its probable impact on different population groups in Bangladesh. The note also draws some po...
by Mustafa. K. Mujeri | On 27 Jun 2009 The paper analyzes the effects of changes in consumption factor on the calculation of inflation calculation in Bangladesh. This is important as there might exist some volatile and non-trend components...
by Md. Habibour Rahman | On 27 Jun 2009 The paper estimates the P* model for Bangladesh economy and test its forecasting ability through generating recursive forecasts. The empirical result shows that the model performs relatively well and...
by Mustafa. K. Mujeri | On 27 Jun 2009 This paper investigates the relative importance of monetary and fiscal policies in altering real output of Bangladesh. An unrestricted vector auto regression (VAR) framework based on the St. Louis equ...
by Md. Habibur Rahman | On 27 Jun 2009 Groundwater has rapidly emerged to occupy a dominant place in India’s agriculture and food security in the recent years. It has become the main source of growth in irrigated area over the past 3 decad...
by Vasant P Gandhi | On 23 Jun 2009 The study examines the impact of changes in monetary policy in Bangladesh. Specifically, the study examines the impact of domestic and foreign monetary shocks on Bangladesh’s major economic aggregate...
by Sayera Younus | On 22 Jun 2009 The study uses co-integration and vector auto-regression (VAR) techniques to identify the determinants of income velocity of money (VM) in Bangladesh, covering both narrow and broad money. The study o...
by Md. Akhtaruzzaman | On 15 Jun 2009 Although economic growth has improved in recent years in Bangladesh, the better economic performance has not translated into satisfactory poverty reduction. The type of growth that matters Bangladesh...
by Mustafa. K. Mujeri | On 15 Jun 2009 The article focuses on understanding of the economics of the exchange control liberalisation in macroeconomic perspectives and, therefore, the article does not attempt to interpret or explore the lega...
by P Samarasiri | On 12 Jun 2009 This report is intended as a wake-up call to anyone who thinks the developing world debt crisis has been resolved. In fact, it assesses fears of a new debt crisis, more serious than before, spreading...
by Sarah Edwards | On 11 Jun 2009 Despite intense concern that many instrumental variables used in growth regressions may be invalid, or both, top journals studies of economic growth based on problematic instruments. doing so risks p...
by Samuel Bazzi | On 04 Jun 2009 This paper investigates the determination of inflation in the framework of an open economy forward-looking as well as conventional backward-looking Phillips curve for eight Asian countries- Japan, Ho...
by Pami Dua | On 22 May 2009 This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a reference unit and later became the anchor of the European Monetary System. Public pol...
by Girardin Eric | On 22 May 2009 Dr. Bimal Jalan, Governor gave a welcome remark to Prof. Charles Goodhart on his 11th C. D. Deshmukh Memorial Lecture on 'Whither Central Banking ?' This paper revolves around Dr. Jalan's summary and...
by Dr Bimal Jalan | On 21 May 2009 India’s foreign policy has had an anomalous quality since the time Jawaharlal Nehru resolutely attempted to steer clear of Cold War alliances. This continues to be so given India’s unique situation of...
by Sushil J Aaron | On 21 May 2009 Macroeconomic modelling is generally motivated by two objectives: forecasting and more significantly, policy analysis. In pursuit of both these objectives,
every model must ideally satisfy four crite...
by V. Pandit | On 16 May 2009 Capitalizing on the most recent worldwide estimates of the impacts of climate change on agricultural production, this paper assesses the economic effects of climate change for Southeast Asian countrie...
by Fan Zhai | On 14 May 2009 Presentation shows the global financial crisis, the difference between US, Europe and India, RBI’s policy response and impact, lessons from the crisis, medium-term issues and challenges. [Speech deliv...
by Rakesh Mohan | On 29 Apr 2009 This paper attempts to build an aggregative, structural,macroeconometric model for India. Investment and output in the model are disaggregated into four sectors namely(a) agriculture including forestr...
by K.N Murty | On 02 Mar 2009 The speech tries to underline some lessones that be drawn from the financial crisis relevant to regulation, financial markets and the market infrastructure and to reflect on these. [Annual Conference...
by Shyamala Gopinath | On 15 Jan 2009 The study examines the impact of aggregate government
expenditure and its two broader components such as revenue expenditure
and capital expenditure on the growth rate of output in the Indian contex...
by Hrushikesh Mallick | On 22 Dec 2008 The main objectives of this report are to identify and propose policies,
factors and conditions that could mitigate or avoid double mismatches. policies here means any course of action pursued and ad...
by Khee-Giap Tan | On 19 Dec 2008 This paper analyses interrelationships between ‘economic development’, ‘health’, and ‘environment’ in a simultaneous equations framework. The endogenous variables chosen for the model are GDPPC (per c...
by A L Nagar | On 17 Dec 2008 Whether there should be transparency in political finance? Whether there should be a control over the money that the political parties are receiving?
by Marcin Walecki | On 04 Dec 2008 This paper focuses on the role of fiscal and monetary policies in the evolution of the Indian economy over the years, with particular attention being given to the reforms undertaken in these policies...
by Rakesh Mohan | On 28 Nov 2008 A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector,
lessons learnt from it, the var...
by Leeladhar V | On 25 Nov 2008 The paper reviews India’s macroeconomic performance and policies since 2000. The
first section briefly summarizes key macroeconomic developments regarding
economic growth, inflation, external bala...
by Shankar Acharya | On 02 Nov 2008 The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding
economic growth, inflation, external balance...
by Shankar Acharya | On 29 Oct 2008 The author points out that the general directions of change adopted by the financial authorities in countries around the world in response to the market turbulence of 1997 and 1998 are correct. But, e...
by Howard Davies | On 14 Oct 2008 Two agendas of the heterodox economics programme; the stock-flow consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy are discussed. The object...
by Romar Correa | On 10 Oct 2008 India Global Youth Tobacco Survey (GYTS) 2006 and Global School Personnel
Survey (GSPS) 2006 were undertaken region-wise, namely, North, South, East, West, Central and North East, covering 99.7% of t...
by Dhirendra Narain SInha | On 29 Sep 2008 The paper investigates the role of economic factors in the enrolment decision at the
higher education level in India. The study concludes that the rate of
participation of women is in a disadvantage...
by Sugeeta Upadhyay | On 29 Sep 2008 An optimizing model of a small open emerging market economy (SOEME) with
dualistic labour markets and two types of consumers, is used to derive the natural
interest rate, terms of trade and potentia...
by Ashima Goyal | On 24 Sep 2008 It is interesting to note that nearly three decades of new paradigms in
macroeconomic theory and policy have hardly gone beyond the ivory towers of the
academic world. The extent to which a scientif...
by V. Pandit | On 28 Aug 2008 A practitioner’s perspective of fiscal policy, and economic reforms.
by Y V Reddy | On 14 Aug 2008 In this study an attempt is made to examine the equity aspect due to
reforms in the banking sector at sub-regional level in the state of Andhra Pradesh
covering the period 1985 to 2004. [CESS WP 68]...
by K S Reddy | On 04 Aug 2008 The Reserve Bank released the document “Macroeconomic and Monetary
Developments: First Quarter Review 2008-09” to serve as a backdrop to the First Quarter Review of Annual Policy Statement for 2008-0...
by Reserve Bank of India | On 28 Jul 2008 From the early 1990s, India embarked on easing capital controls. Liberalization
emphasised openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the fa...
by Ajay Shah | On 24 Jul 2008 Use of Macroeconometric models has by now assumed a measure of universality as an unavoidable aid to forecasting and policy analysis; challenges and controversies spread over more than two decades not...
by V. Pandit | On 26 Jun 2008 For many decades, macro-policy in India was conducted in an environment
with five key elements: ˆ Agricultural shocks rather than a conventional business cycle; A closed economy; deeply distorti...
by Ajay Shah | On 13 May 2008 A brief overview is provided about India’s long-term growth performance. Then an attempt is made to set out the conditions for successful innovations. To assess the role of innovations in the Indian...
by Rakesh Mohan | On 03 Apr 2008 Budget for Children (BfC) is not a separate budget. It is merely an attempt to disaggregate from the overall budget, the allocations made specifically for programmes that benefit children. From 2000-0...
by HAQ Centre for Child Rights HAQCRC | On 04 Mar 2008 The paper examines fertility differentials among the three religion groups, Hindu, Muslim and Christian, and trends in these based on data from the National Family Health Survey (NFHS-1). [WP No. 167]...
by Manoj Alagarajan | On 26 Feb 2008 Shows how the macro economic variables of Indian Economy are performing.
by P Chidambaram | On 11 Feb 2008 Review consists of three sections:
I. Assessment of Macroeconomic and Monetary Developments;
II. Stance of Monetary Policy; and
III. Monetary Measures.
An analytical profile of macroeconomic a...
by Y V Reddy | On 30 Jan 2008 The paper lays out a consistent frame work for monetary management in the
context of excess capital inflows. There is an urgent need for developing
competitive, open and well regulated markets for (...
by Arvind Virmani | On 24 Jan 2008 An estimation of the real equilibrium exchange rate for India for the period in the latter half of the 1990s using fundamental economic variables by decomposing a structural VAR vested with appropriat...
by Himanshu Joshi | On 18 Jan 2008 Management of capital accounts in the global context and in the Indian context. [Inaugural address delivered by Dr. Y. V. Reddy, Governor, Reserve Bank of India at the Annual Conference of the Indian...
by Y V Reddy | On 08 Jan 2008 One of the burning issues at the moment relates to increasing the “voice” or representation of emerging-market economies in international financial institutions such as the IMF and World Bank. There a...
by Mboweni T.T. | On 13 Nov 2007 The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stanc...
by Kannan R | On 08 Nov 2007 Examines the evidence for various explantions usually offered for the differences infertility behaviour across regions and over time in India. The data sets used in the study are National Sample Surve...
by Pramila Krishnan | On 24 Oct 2007 The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and charac...
by Rakesh Mohan | On 12 Oct 2007 The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a...
by Marvin Goodfriend | On 09 Oct 2007 One of the more important concepts in open macroeconomics is the
“equilibrium real exchange rate” (ERER). Real exchange rate
misalignments are argued to have been the cause of loss of
competitivene...
by Reza Y. Siregar | On 20 Sep 2007 A review of the recent developments in the Indian Economy. Review of the trends in monetary policy challenges globally and for emerging market economies (EMEs) in particular. The monetary policy frame...
by Y V Reddy | On 10 Sep 2007 An overview of domestic and global macroeconomic developments [Valedictory address at the High Powered Macroeconomic Workshop organised by the State Bank of India].
by Rakesh Mohan | On 08 Aug 2007 A talk with Nobel economics laureate Robert Mundell on how Beijing can keep the yuan’s value fixed and still avoid inflation. China’s high balance of payments surplus and pressure on the yuan could be...
by Hugo Restall | On 04 Aug 2007 Satisfuy China's Demand for Money by Hugo Restall
Monetary Policy: China’s Last Option: Let the Yuan Soar by Michael Pettis
Stop the Specter of a Rising Rupee by Vivek Moorthy
Hong Kong’s Arreste...
by FEER | On 04 Aug 2007 *Bank Rate kept unchanged
*Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from
the fortnight beginning August 4, 2007
*GDP growth projection for 2007-08...
by Y V Reddy | On 31 Jul 2007 This paper follows the new economic geography approach to model the relationships
between trade policy and spatial agglomeration of production in the context of a small open
developing economy. It c...
by Ayele Gelan | On 13 Jul 2007 In emerging markets and economies with limited supplies of potable water, the current monetary policy governing water distribution has failed or will eventually fail. This paper offers an alternative...
by Michael P. Jackson | On 09 Jul 2007 Considering the Indian context as the basis of enquiry into industrial clustering three important issues that largely determine the performance and strategy of firms to survive compete and grow are id...
by Keshab Das | On 27 Jun 2007 Social scientists often emphasize how ‘culture’ and ‘social norms’ can be important determinants of economic behavior and development. This raises questions of the relative importance of economic ince...
by Kaushik Basu | On 26 Dec 2006 Introduction: Regional integration in Asia editorial by Ramkishen S. Rajan
Production fragmentation and trade integration: East Asia in a global context by
Prema-chandra Athukorala and Nobuaki Yamas...
by The North American Journal of Economics and Finance | On 05 Nov 2006 * Repo Rate increased to 7.25 per cent from 7.0 per cent.
* The flexibility to conduct overnight repo or longer term repo including the right to accept or reject tender(s) under the LAF, wholl...
by Reserve Bank of India | On 31 Oct 2006 The Reserve Bank of India, in its Annual Policy Statement on April 28, 2005, for the year 2005-06, announced its intention to reorient government debt management
operations entailing functional separ...
by Charan Singh | On 14 Apr 2006 The robust performance of the Indian economy continued during the second
quarter (July-September) of 2005-06. According to the Central Statistical
Organisation (CSO), the economy recorded a real GDP...
by Reserve Bank of India | On 02 Feb 2006 The increase in direct taxes has not been able to offset the decline that resulted from the reduction in customs tariff and decline in excise revenue. The task facing the policymakers now is to explor...
by Amaresh Bagchi | On 01 Feb 2006 There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of i...
by Dani Rodrik | On 27 Jan 2006 When analyzing the appropriate response for monetary policy during a currency
crisis it is important to keep in mind two distinct channels: (a) the impact of raising
interest rates on exchange rates...
by Ramkishen S. Rajan | On 27 Jan 2006 Contents
I. The Real Economy -- 1
Agricultural Situation
Industrial Performance
Business Expectations Surveys
Services Sector
II. Fiscal Situation 14
Combined Government Fi...
by Reserve Bank of India | On 25 Jan 2006 Report of the Expert Group
by Ministry of Finance | On 20 Jan 2006 Since the Asian crisis it has been recognized that exchange rate and monetary policy strategies must involve a “fairly high” element of flexibility rather than a single-minded defense of a particular...
by Ramkishen S. Rajan | On 19 Jan 2006 Lecture at RIS, New Delhi December 2005
by Ramkishen S. Rajan | On 12 Jan 2006 Developments in the financial sector have led to an expansion in its ability to spread risks. The increase in the risk bearing capacity of economies, as well as in actual risk taking, has led to a ran...
by Raghuram G. Rajan | On 16 Nov 2005 The paper is intended to serve as a background note for the seminar organised by KSWA. It looks at the paradigmatic change in the Indian economic environment and situates the 74th CAA in the context....
by Abhay Pethe | On 05 Aug 2005 |