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Inflation Targeting amidst Structural Change
Published in Economic and Political Weekly
2017
Volume: 52
   
Issue: 2
Pages: 79 - 85
Abstract

The interconnection between relative price movements, structural change, and inflation targeting in a developing economy like India is studied through a simple macroeconomic model. Different sectors of a developing economy belong to distinctly different stages of development and grow at different rates. It is argued that changes in relative price and structural change are endogenously determined by imbalances in sectoral growth rates.

About the journal
JournalEconomic and Political Weekly
PublisherEconomic and Political Weekly
ISSN0012-9976
Open AccessNo