Pricing and inflation in India
This study examines inflation in the Indian economy from 1950 to 1980. It emphasizes modelling price behavior in the principal productive sectors of the economy. Within its clearly defined model selection, this work decisively counterposes alternative explanations of inflation.
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Prices and Output of Foodgrains
Government Intervention and Foodgrain Prices
13 other sections not shown
agricultural prices annual average bank capacity utilization cent coefficient considered decline degree of monopoly demand for money discussion earnings econometric employment estimated expected firms foodgrain prices foodgrains sector government intervention grain higher hypothesis impact implies important income Indian economy Indian industry industrial prices industrial production inflation rate inflationary process inputs instrumental variables interest rates Kalecki labour cost lagged mark-up market price ment mid sixties monetarist money stock money supply normal oligopoly open-market price period presented in Table price behaviour price determination price equation price index price level price of foodgrains prime costs procurement price public distribution system public investment quantity rate of change rate of growth raw-material costs real wage relative price relevant rice rising role significant statistical structuralist stylized facts terms of trade theory tion trend variable various issues wheat wholesale price wholesale price index workers