Banik, Nilanjan and Biswas, Basudeb (2012): The curious case of Indian agriculture. Forthcoming in:
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This paper examines association between the cyclical component of agricultural output and rainfall in India. When the cause of food inflation is because of supply shortage driven by inadequate rainfall and poor irrigation facilities, then a contractionary monetary policy may lead to stagflation. Considering agricultural output and rainfall data from four states in India we find evidence in favor of association.
|Item Type:||MPRA Paper|
|Original Title:||The curious case of Indian agriculture|
|Keywords:||Agriculture output, Beveridge-Nelson Decomposition, Rainfall, India|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation|
|Depositing User:||Nilanjan Banik|
|Date Deposited:||07. May 2012 15:31|
|Last Modified:||12. Feb 2013 13:23|
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