 | Achieving the Bank of Japan's Inflation Target Author/Editor: Gee Hee Hong, Rahul Anand, Yaroslav Hul. Release Date:November, 2019 The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to achieve the price stability target of 2 percent inflation. In this paper, a more...
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| An Open Economy Quarterly Projection Model for Sri Lanka Author/Editor: Chandranath Amarasekara, Rahul Anand, Kithsiri Ehelepola, Hemantha Ekanayake, Vishuddhi Jayawickrema, Sujeetha Jegajeevan, Csaba Kober, Tharindi Nugawela, Sergey Plotnikov, Adam Remo, Poongothai Venuganan, Rasika Yatigammana. Release Date:June, 2018 This study documents a semi-structural model developed for Sri Lanka. This model, extended with a fiscal sector block, is expected to serve as a core forecasting model in the process of the Central more...
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| South Africa : Labor Market Dynamics and Inequality Author/Editor: Rahul Anand, Siddharth Kothari, Naresh Kumar. Release Date:July, 2016 This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work more...
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| Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India Author/Editor: Rahul Anand, Purva Khera. Release Date:March, 2016 This paper investigates the implications of lowering formal regulations in labor and product
 markets on informality and macroeconomic outcomes in India. We estimate a DSGE model
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 | Taming Indian Inflation Author/Editor: Paul Cashin, Rahul Anand. Release Date:February, 2016 High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country’s domestic and external vulnerabilities. A number of factors underpin more...
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| South Africa’s Exports Performance : Any Role for Structural Factors? Author/Editor: Rahul Anand, Roberto Perrelli, Boyang Zhang. Release Date:February, 2016 Despite a substantial and prolonged exchange rate depreciation, South Africa’s export performance has disappointed since the global financial crisis. In this paper we focus on the role of 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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| What Measure of Inflation Should a Developing Country Central Bank Target? Author/Editor: Rahul Anand, Eswar Prasad, Boyang Zhang. Release Date:September, 2015 In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in more...
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| Make in India : Which Exports Can Drive the Next Wave of Growth? Author/Editor: Rahul Anand, Kalpana Kochhar, Saurabh Mishra. Release Date:May, 2015 Structural transformation depends not only on how much countries export but also on whatthey export and with whom they trade. This paper breaks new ground in analyzing India’sexports by the 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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