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|z 9781498399982
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|a 1018-5941
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|a Mohaddes, Kamiar.
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|a Does Inflation Slow Long-Run Growth in India? /
|c Kamiar Mohaddes, Mehdi Raissi.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2014.
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|a 1 online resource (19 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 states over the period 1989-2013, and use the cross-sectionally augmented distributed lag (CSDL) approach of Chudik and others (2013) as well as the standard panel ARDL method for estimation-to account for cross-state heterogeneity and dependence, dynamics and feedback effects. Our findings suggest that, on average, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This suggest the need for the Reserve Bank of India to balance the short-term growthinflation trade-off, in light of the long-term negative effects on growth of persistently-high inflation.
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|a Mode of access: Internet
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|a India
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|a Raissi, Mehdi.
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|a IMF Working Papers; Working Paper ;
|v No. 2014/222
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2014/222/001.2014.issue-222-en.xml
|z IMF e-Library
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