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Taming Indian inflation (Paperback)
Loot Price: R733
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Taming Indian inflation (Paperback)
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High and persistent inflation in India has presented serious
macroeconomic challenges, such as widening the current account
deficit, exposing India to global financial market turbulence, and
slowing growth. A number of factors have caused high inflation,
including food inflation feeding quickly into wages and core
inflation, entrenched inflation expectations, sector-specific
supply constraints (particularly in agriculture, energy, and
transportation), pass-through from a weaker rupee, and ongoing
energy price increases. This book analyzes various facets of Indian
inflation and their implications for the conduct of monetary policy
in India. In particular, given the role of food inflation in
driving inflation dynamics in India, several chapters are devoted
exclusively to analyzing and managing food inflation. Building on
the analysis of inflation dynamics, the book discusses the role of
monetary policy in taming inflation, particularly given the costs
of high and persistent inflation in India.
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