The curious case of Indian agriculture
AbstractThis paper examines association between the cyclical component of agricultural output and rainfall in India. When the cause of food inflation is because of supply shortage driven by inadequate rainfall and poor irrigation facilities, then a contractionary monetary policy may lead to stagflation. Considering agricultural output and rainfall data from four states in India we find evidence in favor of association.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 38634.
Date of creation: 28 Apr 2012
Date of revision:
Agriculture output; Beveridge-Nelson Decomposition; Rainfall; India;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
This paper has been announced in the following NEP Reports:
- NEP-AGR-2012-05-15 (Agricultural Economics)
- NEP-ALL-2012-05-15 (All new papers)
- NEP-MAC-2012-05-15 (Macroeconomics)
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