The India Resident Mission (INRM) Policy Brief Series is sponsored by the Asian
Development Bank (ADB) and is designed as a forum to disseminate findings from policy …

P-Star models have become increasingly popular in recent years in developed countries.
However data constraints have limited their applicability to the LDCs. In this paper, such a …

Principles of Macroeconomics is a lucid and concise introduction to the theoretical and
practical aspects of macroeconomics. This revised and updated third edition covers key …

Against the backdrop of the new monetary policy framework, this paper analyses the
determinants of inflation in the deregulated financial regime. The paper upfront has been …

This study uses P‐star model to examine the role of money in explaining inflation in India. In
particular, we compare the performance of traditional Phillips curve approach against P‐star …

The Raghuram Rajan Committee has articulated" GenNext" reforms for fixing the problems
of the financial sector. This note questions the relevance of the macroeconomic framework of …

The paper estimates the P* model for the Bangladesh economy and tests its forecasting
ability through generating recursive forecasts. The model puts together long run …

Against the backdrop of the fiscal-rules based reforms, this paper empirically investigates
the determinants of inflation in India. The paper upfront has been kept free from adherence …

It is a common practice to use the Davidson and MacKinnon's J-test in empirical applications
to test non-nested model specifications. However, when the alternate specifications fit the …

This paper reports estimates from some heuristic models that allowed the data to select
important determinants of Indian WPI inflation during 1971-2004. Current growth in money …