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Budget 2024: On the escape route

NO : WP-2024-020 AUTHOR : Ashima Goyal TITLE :  Budget 2024: On the escape route ABSTRACT : Continuity was necessary for the budget, since current policy has delivered macroeconomic stability with growth, but as the first budget of a new government it was also expected to reveal policy directions required to fulfil its […]

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Inflation Expectations and Keeping Up With the Joneses

NO : WP-2024-018 AUTHOR : Taniya Ghosh and Abhishek Gorsi TITLE :  Inflation Expectations and Keeping Up With the Joneses Abstract The paper analyzes the role of personal income change and social comparisons in ex­plaining the heterogeneity and upward bias in Indian households’ inflation expectations by using repeated cross-sectional data from the Reserve […]

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