Economic policy modelling for India

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Bibliographic Information

Economic policy modelling for India

editors, V. Pandit, K. Krishnamurty

Oxford University Press, 2004

Available at  / 6 libraries

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Summary: With special reference to the economic conditions after 1990 in India

Includes bibliographical references

Description and Table of Contents

Description

This volume applies modern quantitative techniques to the meaningful analysis of economic policy, economic forecasting, and scientific quantification of economic relationships. The essays deal with issues in policy modelling for the Indian economy with respect to: price behaviour, growth scenarios, monetary policy, business cycles, debt management, exchange rate and trade flows, and consumption behaviour. In highlighting effective macroeconomic modelling techniques from a policy perspective, the volume enables convergence between professional economists and policy-formulators. This ensures meaningful application of econometric methodology to a spectrum of policy themes resulting in more reliable effective, and sustainable solutions. The principal economy-wide modelling techniques the volume focuses on include: structural modelling, spectral analysis, optimal control, coincident indicators, and the latest extension of almost ideal demand systems (AIDS). Presenting an overview of t he developments in the field of structural macroeconometric modelling in India in the last two decades, the contributors encapsulate the diverse methodologies used as well as the empirical results generated. This book is of contemporary relevance to the new policy regime geared for globalization. It firmly sends out the message that in an era of increasingly dynamic market structures, it is necessary to quantify behavioural patterns and adjustment processes rather than relying on rules of thumb and casual empiricism. Contributors include Nobel Laureate Lawrence Klein, Jan Tinbergen, D M Nachane, and winner of the Mahalanobis Memorial National Award M J Manohar Rao, among others.

Table of Contents

  • LIST OF CONTRIBUTORS
  • LIST OF TABLES
  • LIST OF ABBREVIATIONS
  • OVERVIEW
  • ECONOMIC STABILIZATION POLICY: PITFALLS OF PARSIMONIOUS MODELLING
  • MACROECONOMETRIC MODELLING FOR INDIA: A REVIEW OF SOME ANALYTICAL ISSUES
  • POLICIES FOR STABILITY AND GROWTH: EXPERIMENTS WITH A COMPREHENSIVE STRUCTURAL MODEL FOR INDIA
  • DESIGNING ADJUSTMENT POLICIES WITH GROWTH FOR INDIA: AN OPTIMAL CONTROL FRAMEWORK
  • AN INDEX OF COINCIDENT ECONOMIC INDICATORS FOR THE INDIAN ECONOMY
  • VARIABILITY OF MONETARY POLICY LAGS IN INDIA: AN APPROACH BASED ON TIME- VARYING SPECTRA
  • MACROECONOMIC POLICY MODELING FOR THE INDIAN ECONOMY USING A FINANCIAL PROGRAMMING APPROACH
  • EXPLORING THE ROLE OF MATURITY IN DEBT MANAGEMENT: THE INDIAN EVIDENCE
  • STATE LEVEL FOOD DEMAND IN INDIA: SOME EVIDENCE ON RANK-THREE DEMAND SYSTEMS
  • ECONOMY WIDE STRUCTURAL MODELLING: THE CHANGING PERSPECTIVES

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