"This boo is a timely look at an important Indian macroeconomic issue - inflation. High and persistent inflation has been a serious macroeconomic challenge for India, particularly in the past decade. India's high rates of inflation have been underpinned ciefly by high and persistent rates of food price inflation, which cascade quickly into rural and urban wages and into nonfood inflation. Well-entrenched inflation expectations have also been a key driver of India's high inflation rates. This book documents and analyzes ...
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"This boo is a timely look at an important Indian macroeconomic issue - inflation. High and persistent inflation has been a serious macroeconomic challenge for India, particularly in the past decade. India's high rates of inflation have been underpinned ciefly by high and persistent rates of food price inflation, which cascade quickly into rural and urban wages and into nonfood inflation. Well-entrenched inflation expectations have also been a key driver of India's high inflation rates. This book documents and analyzes India's long-ongoing quest to bring inflation down. It grew out of the IMF staff's ongoing policy dialogue with the Indian authorities, in particular at the Reserve Bank of India and the Ministry of Finance. The focus of several of the chapters evolved from the exchange of views with officials from these agencies, and with the many Indian academics interested in these issues."
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