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Vulnerability to climate change making food inflation structural: RBI economists, ET Retail

Food Inflation: "Per contra, if monetary policy chooses to neglect a persistent food price shock, inflation expectations become unanchored, leading to generalised inflation," wrote Deputy Governor Michael Patra along with central bank economists Joice John and Asish Thomas George in the RBIs January Bulletin. The views expressed are personal.
Michael Patra Asish Thomas George Joice John Reserve Bank Deputy Governor Michael Patra Consumer Price Index

Vulnerability to climate change making food inflation structural: RBI economists

"Per contra, if monetary policy chooses to neglect a persistent food price shock, inflation expectations become unanchored, leading to generalised inflation," wrote Deputy Governor Michael Patra along with central bank economists Joice John and Asish Thomas George in the RBIs January Bulletin. The views expressed are personal.
Asish Thomas George Joice John Michael Patra Reserve Bank Deputy Governor Michael Patra Consumer Price Index

Business News | RBI Releases Monthly Bulletin of April 2023

Get latest articles and stories on Business at LatestLY. According to a statement from RBI, the five articles are -- State of the Economy; Recent Regime Reversal in Inflation: The Indian Experience; Capital Outlay of Indian States: An Empirical Assessment of its Role and Determinants; Industrial Relations Code and Labour Productivity: A Cross-Country Meta-Analysis and A Composite Indicator of Realty Sector Activity in India. Business News | RBI Releases Monthly Bulletin of April 2023.
Samir Ranjan Behera Indian States Asish Thomas George Michael Debabrata Patra Joice John Anoopk Suresh

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A Horse Race among the Alternative Taylor Rule Specifications : Some Insights from India

The paper estimates a slew of augmented Taylor rule specifications using call and treasury bill rates. After accounting for break points, we calculate the output gap based on a single-index dynamic factor extracted from monthly high-frequency indicators that are representative of broad sectoral activity. In our study, we found that interest rates in India are mostly in line
United States New Delhi Johnb Taylor Piotr Eliasz Abdurrahman Nazif Mark Gertler
Source: epw.in

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