Global Inflation Trends and Movement Of Inflation Behaviour In India -An Evaluation
High inflation has an adverse effect on growth due to as number of factors: distribution of relative prices which lowers economic efficiency; redistribution of wealth between debtors and creditors; aversion to long-term contracts and excessive resources are devoted to hedging inflation risks. In developing economies, in particular, an additional cost of high inflation emanates from its adverse effects on the poor population. Maintenance of low and stable inflation has thus emerged as a key objective of monetary policy. Against this backdrop, a sincere effort is made to address on the critical assessment of the various factors leading to international inflation behaviour; the inflation targeting as a measure of framework; the conduct of monetary policy in a low inflation environment in the context of the growth -inflation trade -off. Addressing on the behaviour of inflation in India and in view of the growing openness of the Indian economy coupled with a market - determined exchange rate system, the attempt made to estimate pass-through of exchange rate to domestic inflation significant to note. Finally, the paper ends with concluding observations.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:jge:journl:132. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr J K Sachdeva)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.