 | Wage Growth and Inflation in Europe: A Puzzle? Author/Editor: Vizhdan Boranova, Raju Huidrom, Sylwia Nowak, Petia Topalova, Volodymyr Tulin, Richard Varghese. Release Date:December, 2019 Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this more...
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| Understanding India’s Food Inflation : The Role of Demand and Supply Factors Author/Editor: Rahul Anand, Naresh Kumar, Volodymyr Tulin. Release Date:January, 2016 Over the past decade, India has seen a prolonged period of high inflation, to a large extent driven by persistently-high food inflation. This paper investigates the demand and supply factors behind more...
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| Crowding-Out or Crowding-In? Public and Private Investment in India Author/Editor: Girish Bahal, Mehdi Raissi, Volodymyr Tulin. Release Date:December, 2015 This paper contributes to the debate on the relationship between public-capital accumulation and private investment in India along the following dimensions. First, acknowledging major structural more...
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| Price and Income Elasticity of Indian Exports—The Role of Supply-Side Bottlenecks Author/Editor: Mehdi Raissi, Volodymyr Tulin. Release Date:July, 2015 This paper estimates the short-term and long-run price and income elasticity of Indianexports, and investigates the role of supply-side bottlenecks in shaping India’s exportdemand relationship. We more...
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| Food Inflation in India: The Role for Monetary Policy Author/Editor: Rahul Anand, Ding Ding, Volodymyr Tulin. Release Date:September, 2014 Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are estimated to be large. This paper estimates the size of second-round effects using more...
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| India: Defining and Explaining Inclusive Growth and Poverty Reduction Author/Editor: Rahul Anand, Volodymyr Tulin, Naresh Kumar. Release Date:April, 2014 We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examine the role of growth and distribution in reducing poverty. more...
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| Disentangling India's Investment Slowdown Author/Editor: Rahul Anand, Volodymyr Tulin. Release Date:March, 2014 This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp investment deceleration has sparked an intense debate about the role of interest rates, more...
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| Estimating Sri Lanka's Potential Output Author/Editor: Ding Ding, John Nelmes, Roshan Perera, Volodymyr Tulin. Release Date:March, 2014 In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters more...
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| How Expensive is Norway? New International Relative Price Measures Author/Editor: Kornelia Krajnyak, Volodymyr Tulin. Release Date:June, 2010 In this paper, we derive two new measures of international relative prices for Norway. Developments in these new measures follow rather closely movements in the CPI-based real effective exchange rate more...
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| Globalization, Gluts, Innovation or Irrationality : What Explains the Easy Financing of the U.S. Current Account Deficit? Author/Editor: Ravi Balakrishnan, Volodymyr Tulin, Tamim Bayoumi. Release Date:July, 2007 This paper examines the roles of U.S. financial innovation, financial globalization, and the savings glut hypothesis in explaining the rise in U.S. external debt, first in a portfolio balance model, more...
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