Singh, Kanhaiya; Kalirajan, Kaliappa
Given the growing concern, particularly in the EMU area that excessively low inflation threshold may hurt economic growth, the objective of this study is to examine whether a developing countries perspective is different. The empirical analysis is done using the annual data from India for the period of 1971-1998. A specific question that is addressed in this paper is what is the threshold inflation rate for India. The findings clearly suggest that the increase in inflation from any level has...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.