The inflation-growth nexus in India: an empirical analysis

被引：27
作者：
Singh, K
Kalirajan, K
机构：
[1] Fdn Adv Studies Int Dev, Shinjyuku Ku, Tokyo 1628677, Japan
[2] Natl Council Appl Econ Res, New Delhi, India
[3] Australian Natl Univ, Canberra, ACT, Australia
来源：
JOURNAL OF POLICY MODELING | 2003年 / 25卷 / 04期
关键词：
inflation; economic growth; threshold inflation; India;
D O I：
10.1016/S0161-8938(03)00011-5
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Given the growing concern, particularly in the EMU area that excessively low inflation threshold may hurt economic growth, the objective of this study is to examine whether a developing countries perspective is different. The empirical analysis is done using the annual data from India for the period of 1971-1998. A specific question that is addressed in this paper is what is the threshold inflation rate for India. The findings clearly suggest that the increase in inflation from any level has negative effect on economic growth and substantial gains can be obtained by focusing the monetary policy towards maintaining price stability. (C) 2003 Society for Policy Modeling. Published by Elsevier Science Inc. All rights reserved.
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页码：377 / 396
页数：20
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