HOW INFLATION ADDS TO THE SUFFERINGS OF THE COMMON MAN
1
Author(s):
ARJUN MITTAL
Vol - 4, Issue- 3 ,
Page(s) : 375 - 386
(2013 )
DOI : https://doi.org/10.32804/IRJMST
Abstract
From past few years the greatest form of living beings on the face of earth, the ‘humans’, have been suffering from a very dreadful disease called ‘inflation’. Normally almost all types of diseases can be cured by medicines, but this disease seems to have no cure at all. Once a person comes under its attack, he/she can hardly be saved from its adverse effects.
Though the disease (inflation) can be caught by any individual, but the most affected one is the common man, a category which on one hand includes people below the poverty line and on the other the middle-class society.
- Chandrasekhar, C.P. (2008) – “Inflation: How Much and Why”, Macroscan, 17th April, 2008 [available from http://www.macroscan.org/cur/apr08/print/prnt170408Inflation.htm]
- Chandrasekhar, C.P. (2010) – “Engineered Inflation”, Macroscan, 2nd August, 2010 [available from http://www.macroscan.org/cur/aug10/print/prnt020810Inflation.htm]
- Ghosh, Jayati (2009) – “Prices and Politics in India”, Macroscan, 24th March, 2009 [available from http://www.macroscan.org/cur/mar09/print/prnt240309Prices_Politics.htm]
- Marjit, Sugata (2008) – “Inflation and Public Policy: Contemporary Dilemmas”, Economic and Political Weekly, Vol. 43, No. 36 September 6, 2008
- Deepak Mohanty, ‘Measures of Inflation in India: Issues and Perspectives’, presented at the Conference of Indian Association for Research in National Income and Wealth (IARNIW) at the Centre for Development Studies (CDS), Thiruvananthapuram (9 January 2010), www.bis.org/review/r100125f.pdf.
- Occasional Paper by Kaushik Basu “Understanding Inflation and Controlling it.” http://finmin.nic.in/WorkingPaper/understanding
- Indian Economy – A Performance Reivew, 1947-48 to 2010-11 by C.S. Prasad, 2010, p. 87
- Occasional Paper by Kaushik Basu, op.cit.
- Indian Economy – A Performance Review, op.cit., p. 88
- Inflationary Trends in India by Aparna Bhardwaj and Rajesh Kumar, 2011, pp. xvi-xvii
- Indian Experience of Inflation: A Review of the Evolving Process – R.K. Patnaik and Amaresh Samantaraya, Economic and Political Weekly dated 28 January 2006, pp. 349-357
- India, Ministry of Finance, Mid-Year Economic, Analysis, 2012-13
- PIB Release of Ministry of Commerce and Industry dated 14.1.2013 and 14.2.2013
- Kannan R (1999): “Inflation targeting: issues and relevance for India”, Economic and Political Weekly, XXXIV, 115-122.
- Krishnamurty K (2002): “Macroeconomic models for India: past, present and prospects”,Economic and Political Weekly, XXXVII, No 42 (October 19).
- K Krishnamurty, 'Inflation and Growth: A Model for India' in Krishnamurty and Pandit, Macro Econometric Modeling of the Indian Economy, (Hindustan Publishing Corporation, 1985) pp 39-42.
- Pani P K (1984): ?A macro model of Indian economy with special reference to output, demand and prices (1969-70 to 1981-82)?, Reserve Bank of India Occasional Papers, 5, No 2, December
- Rangarajan, C (1998): 'Development, Inflation and Monetary Policy' in I S Ahluwalia and I M D Little (eds), India's Economic Reforms and Development, Oxford University Press.
- Rangarajan C. (2001): “Some critical issues in monetary policy?, Economic and Political Weekly, XXXVI, 2139-2146. Rangarajan, C. (1998). Indian economy: Essays on money and finance. New Delhi: UBSPD.
- Sarel, M. (1996). Nonlinear effects of inflation on economic growth. IMF Working Staff Papers, 43(1),199–215.
- Smyth, D. J. (1994), “Inflation and Growth”, Journal of Macroeconomics 16: 261-270. Chand, R. Gulati,Ashok . Shinoj P. Ganguly, Kavery. (2011). Managing Food Inflation in
- India: Reforms and Policy Options. NCAP Policy Brief.
- Jaisinghani, Bella (2010, August 29). Inflation Weighs Heavy on Feast and Fasts. Sunday
- Time Editorial.
- Khalid Aowte Yasmeen (2011). Food Inflation in India. International Conference on Information and Finance. IPEDR vol.21.
- Lamm, McFall. R. (1979). Dynamics of Food Price Inflation. Western Journal of Agricultural
- Economics. Vol. 4, Singh, Sumanjeet. (2009). Global food crisis: magnitude, causes and policy measures.
- International Journal of Social Economics. Vol. 36.
- Highlights of Economic Survey. 2011-12.
|