NO : WP-2024-014 AUTHOR : Yadavindu Ajit and Taniya Ghosh TITLE : Inflation convergence across Indian states ABSTRACT : This study examines the convergence of inflation and the formation of inflation clubs across Indian states from 2012 to 2023. The empirical findings indicate a reduction in inflation dispersion among Indian states. The convergence test using […]
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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 […]
Insights from Indian households’ qualitative inflation expectations
NO : WP-2025-001 AUTHOR : Roshin Paul P and Taniya Ghosh TITLE : Insights from Indian households’ qualitative inflation expectations ABSTRACT : Using the Reserve Bank of India’s inflation expectations survey of households (IESH) covering the period 2008 to 2023, we analyze the qualitative inflation expectations (IE) of Indian households at the general […]
Lessons from outperformance in the Indian financial sector
NO: WP-2023-002 AUTHOR: Ashima Goyal TITLE: Lessons from outperformance in the Indian financial sector ABSTRACT : We examine predictions and outcomes for the Indian financial sector in the pandemic period to build a case for re-examining our understanding of the sector. This can improve risk perceptions and policy design. Reasons for outperformance […]
Macroeconomic Outlook and Medium-Term Growth Prospect after the Budget by Ashima Goyal
NO : WP-2025-003 AUTHOR : Ashima Goyal TITLE : Macroeconomic Outlook and Medium-Term Growth Prospect after the Budget ABSTRACT : The slowdown and its reversal that followed government capital expenditure confirm that the quality of government expenditure creates stimulus even with overall fiscal consolidation. The latter as well as focus on improving vegetable […]
Methodological Nuances in Estimating Proportion and Number of Poor for States and India, 2022-23
NO : WP-2024-010 AUTHOR : Srijit Mishra TITLE : Methodological Nuances in Estimating Proportion and Number of Poor for States and India, 2022-23 ABSTRACT : The purpose of this exercise is methodological while also providing us with poverty estimates of rural, urban, and combined areas for States and India in 2022-23. The methodological […]
Misconceptions in Indian fiscal federalism
NO : WP-2024-011 AUTHOR : Ashima Goyal TITLE : Misconceptions in Indian fiscal federalism ABSTRACT : We examine common views regarding weakening of rights of states and finds them to be misconceptions. Indian states get more resources and freedoms than in most federal countries. Some fiscal restraints on states borrowing are necessary to […]
Money and Output Asymmetry: The unintended consequences of central banks’ obsession with inflation
NO : WP-2023-07 AUTHOR : Taniya Ghosh and Abhishek Gorsi TITLE : Money and Output Asymmetry: The unintended consequences of central banks’ obsession with inflation ABSTRACT : The study reexamines the relationship between money and output for the US, UK, and the Euro Area using quarterly data up to 2022. […]
Multidimensional Index: A Note
NO : WP-2024-007 AUTHOR : Srijit Mishra TITLE : Multidimensional Index: A Note ABSTRACT : This paper identifies the problem of information loss in computation of multidimensional index on account of cut-offs between and within dimensions. The former refers to the cutoff across dimensions on account of headcount fetish and the latter points […]
Policy Alternatives for Accelerating Health & Educational Attainments of Children in India: An Analysis using Computable General Equilibrium Model
NO : WP-2024-002 AUTHOR : Runu Bhakta and A. Ganesh-Kumar TITLE : Policy Alternatives for Accelerating Health & Educational Attainments of Children in India: An Analysis using Computable General Equilibrium Model ABSTRACT : Assessing the impact of alternative policy options on developmental goals relating to health and education remains an analytical challenge due […]
