FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2158706673> ?p ?o ?g. }

• W2158706673 abstract "Inflation, especially in food prices, has been persistently high in India during the past twenty four months. This has been a source of concern to policy-makers. Fortunately, food price increases are now starting to ease, after the major spike that occurred in the wake of the severe drought of 2009. However, there still remains concern that we: (a) need to better understand the factors that drive such spikes in key prices; and (b) design more effective policies to prevent such future price spikes. The main approach to understanding inflation and its drivers has typically rested, on the whole, in assessing aggregate macroeconomic (aggregate supply and demand) conditions, which then typically leads to consideration of macroeconomic and monetary) policies as the principal tool to deal with inflation surges. That may indeed be appropriate in most circumstances, but is often a blunt, sometimes costly instrument that can stifle growth, especially if price pressures arise from (temporary) supply constraints. Therefore, it may be important to complement an aggregate macroeconomic analysis of inflation with microeconomic analysis: to ascertain if inflation is being driven by specific price spikes in important food and non-food commodities, which has the potential to drive other commodity prices in a cost-push manner. This paper, on global wheat market developments, price transmission and impacts on Indian domestic markets, as well as an assessment of public policies to manage domestic prices, is part of a larger effort to improve our in-house (Department of Economic Affairs) research---to track, monitor and forecast fast-moving key macro-economic variables with potentially large consequences for public policy. We have begun to intensify our efforts. We are investing further systematically---to understand growth and inflation dynamics in the context of rising food inflationary pressures in India and worldwide. We are capturing more high frequency data, and applying quantitative modeling tools (as evident in our current Economic Survey). We take up wheat in this paper, because of recent rapid price rises globally, as well as domestically, and because it constitutes a major element of the overall wholesale and consumer food price inflation indices. Some aspects of the price formation and policy intervention processes in wheat are also likely to be structurally similar for other similar classes of important food items (such as rice), permitting broader insights. Our paper draws upon existing theoretical insights and modeling attempts in the literature; it is, nevertheless, useful to note three “biases” in our approach: (a) favoring analysis of short-term, high-frequency price formation (daily, monthly, or quarterly), versus alternative longer-term annual, structural models; (b) favoring simplified reduced form forecasting models that track high-frequency turning points well, over more elaborate models and tests of longerduration time-series data (which may tend to be more historical and backward-looking, and less useful for short-term forecasting); and (c) assessing current India-specific public interventions in greater detail, than in more general academic papers and models." @default.
• W2158706673 created "2016-06-24" @default.
• W2158706673 creator A5051050969 @default.
• W2158706673 creator A5057885946 @default.
• W2158706673 creator A5069223171 @default.
• W2158706673 date "2011-05-15" @default.
• W2158706673 modified "2023-09-27" @default.
• W2158706673 title "Domestic Wheat Price Formation and Food Inflation in India" @default.
• W2158706673 cites W150573749 @default.
• W2158706673 cites W1887572823 @default.
• W2158706673 cites W1963090364 @default.
• W2158706673 cites W1966910378 @default.
• W2158706673 cites W2005123140 @default.
• W2158706673 cites W2077623207 @default.
• W2158706673 cites W2152620288 @default.
• W2158706673 cites W2156230844 @default.
• W2158706673 cites W2336662193 @default.
• W2158706673 cites W2797475630 @default.
• W2158706673 cites W2954292495 @default.
• W2158706673 cites W575712408 @default.
• W2158706673 cites W621671069 @default.
• W2158706673 cites W2258517230 @default.
• W2158706673 hasPublicationYear "2011" @default.
• W2158706673 type Work @default.
• W2158706673 sameAs 2158706673 @default.
• W2158706673 citedByCount "4" @default.
• W2158706673 countsByYear W21587066732012 @default.
• W2158706673 countsByYear W21587066732015 @default.
• W2158706673 countsByYear W21587066732020 @default.
• W2158706673 crossrefType "posted-content" @default.
• W2158706673 hasAuthorship W2158706673A5051050969 @default.
• W2158706673 hasAuthorship W2158706673A5057885946 @default.
• W2158706673 hasAuthorship W2158706673A5069223171 @default.
• W2158706673 hasConcept C118518473 @default.
• W2158706673 hasConcept C121332964 @default.
• W2158706673 hasConcept C126285488 @default.
• W2158706673 hasConcept C139719470 @default.
• W2158706673 hasConcept C162324750 @default.
• W2158706673 hasConcept C185782297 @default.
• W2158706673 hasConcept C18903297 @default.
• W2158706673 hasConcept C200941418 @default.
• W2158706673 hasConcept C203379541 @default.
• W2158706673 hasConcept C2779439359 @default.
• W2158706673 hasConcept C2779957034 @default.
• W2158706673 hasConcept C33332235 @default.
• W2158706673 hasConcept C34447519 @default.
• W2158706673 hasConcept C549605437 @default.
• W2158706673 hasConcept C556758197 @default.
• W2158706673 hasConcept C86803240 @default.
• W2158706673 hasConceptScore W2158706673C118518473 @default.
• W2158706673 hasConceptScore W2158706673C121332964 @default.
• W2158706673 hasConceptScore W2158706673C126285488 @default.
• W2158706673 hasConceptScore W2158706673C139719470 @default.
• W2158706673 hasConceptScore W2158706673C162324750 @default.
• W2158706673 hasConceptScore W2158706673C185782297 @default.
• W2158706673 hasConceptScore W2158706673C18903297 @default.
• W2158706673 hasConceptScore W2158706673C200941418 @default.
• W2158706673 hasConceptScore W2158706673C203379541 @default.
• W2158706673 hasConceptScore W2158706673C2779439359 @default.
• W2158706673 hasConceptScore W2158706673C2779957034 @default.
• W2158706673 hasConceptScore W2158706673C33332235 @default.
• W2158706673 hasConceptScore W2158706673C34447519 @default.
• W2158706673 hasConceptScore W2158706673C549605437 @default.
• W2158706673 hasConceptScore W2158706673C556758197 @default.
• W2158706673 hasConceptScore W2158706673C86803240 @default.
• W2158706673 hasLocation W21587066731 @default.
• W2158706673 hasOpenAccess W2158706673 @default.
• W2158706673 hasPrimaryLocation W21587066731 @default.
• W2158706673 hasRelatedWork W117613997 @default.
• W2158706673 hasRelatedWork W137833729 @default.
• W2158706673 hasRelatedWork W1482665755 @default.
• W2158706673 hasRelatedWork W1553312771 @default.
• W2158706673 hasRelatedWork W1594311740 @default.
• W2158706673 hasRelatedWork W197724556 @default.
• W2158706673 hasRelatedWork W2083156063 @default.
• W2158706673 hasRelatedWork W2085250500 @default.
• W2158706673 hasRelatedWork W2262133836 @default.
• W2158706673 hasRelatedWork W2891949991 @default.
• W2158706673 hasRelatedWork W3122043991 @default.
• W2158706673 hasRelatedWork W3123757992 @default.
• W2158706673 hasRelatedWork W3145162272 @default.
• W2158706673 hasRelatedWork W3145203634 @default.
• W2158706673 hasRelatedWork W830839312 @default.
• W2158706673 hasRelatedWork W89400856 @default.
• W2158706673 hasRelatedWork W953556171 @default.
• W2158706673 hasRelatedWork W2183785161 @default.
• W2158706673 hasRelatedWork W3121588294 @default.
• W2158706673 hasRelatedWork W65564264 @default.
• W2158706673 isParatext "false" @default.
• W2158706673 isRetracted "false" @default.
• W2158706673 magId "2158706673" @default.
• W2158706673 workType "article" @default.