Economic Policy Modelling For India
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Product details:
- Publisher Oxford University Press
- Date of Publication 4 March 2004
- ISBN 9780195666151
- Binding Hardback
- No. of pages280 pages
- Size 215x140x20 mm
- Weight 511 g
- Language English
- Illustrations numerous figures & tables 0
Categories
Long 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
