NO : WP-2023-012 AUTHOR : Taniya Ghosh and Yadavindu Ajit TITLE : Central Bank Transparency, the Role of Institutions and Inflation Persistence ABSTRACT : With the transparency revolution across the world, this paper aims to investigate the effect of increased central bank transparency on inflation dynamics. We use the-oretical and empirical methods to […]
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STABLE SETS IN ECONOMIES WITH CLUB GOODS
NO : WP-2023-011 AUTHOR : Japneet Kaur TITLE : STABLE SETS IN ECONOMIES WITH CLUB GOODS ABSTRACT : In an economy with club goods, we introduce the concept of von Neumann-Morgensetern stable sets. Our main result provides a correspondence between stable sets of a club economy comprising a continuum of agents and finitely […]
Core inflation falling, duration of supply shocks getting shorter: Ashima Goyal
Indian Fiscal Policy: A possible escape route
NO : WP-2023-010 AUTHOR : Ashima Goyal TITLE : Indian Fiscal Policy: A possible escape route ABSTRACT : Historical choices, based on the interaction of domestic structure, including federalism, with global shocks and dominant ideas have left India a legacy of deficits and debt higher than peer countries. These are constraints on fiscal […]
