This article investigates the existence of a threshold level of inflation and how any such level
affects the growth of Indian economy. The article also seeks to examine the dynamic short …

This paper examines the long-run relationship between consumer price index industrial
workers (CPI-IW) inflation and GDP growth in India. We collect data on a sample of 14 Indian …

In the policy debate on growth–inflation trade-off and the role of monetary policy in
managing the trade-off in the short-run, theoretical and empirical research suggests the …

An assessment of the inflation record of India reveals that inflation increased from the 1970s
onwards before moderating in the mid-1990s. Supply shocks, both due to a setback in …

This paper reviews the process of monetary policy formulation, with some stylised facts
monetary policy currently pursued. Issues concerning the objectives and conduct with …

Threshold inflation that maximizes long-term growth in an economy is dependent on fiscal
deficit (FD) and current account deficit (CAD). Since the existing empirical literature on …

This paper provides estimates of the potential growth rate for India by adopting alternative
approaches of statistical trend filtering techniques and a production function. The Hodrick …

Inflation is a chronic problem for India since the last few decades. The existence of mild
inflation is necessary for the growth of an economy. Mild inflation in the economy always has …

In an open economic environment, economies generally experienced economic instability
emerging out of internal and external factors. Like other central banks' apparently following …

This paper revisits the threshold level of inflation for India. The empirical analysis follows
spline regression for the period 1996–97Q1 to 2019–20Q4. The results suggest the …