Sargam Gupta is a fourth year Ph.D. student at Indian Statistical Institute, Delhi Centre. She did her Masters in Economics from Centre for Economic Studies and Planning, Jawaharlal Nehru University and undergraduation from Delhi University. Her areas of research interest are macroeconomics and monetaryeconomics.
Are grain procurement shocks inflationary?
17 Oct 2016
Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may not be well understood. This column presents a framework to understand how the government’s grain procurement policy in India can be inflationary, and what the appropriate monetary policy response should be.
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