The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis
Taylor and francis, pages;1-18.
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Tidsskrift |
| Sprog: | engelsk |
| Udgivet: |
Taylor and Francis group
2023
|
| Fag: | |
| Online adgang: | https://ir.oauife.edu.ng/123456789/5290 |
| Tags: |
Tilføj Tag
Ingen Tags, Vær først til at tagge denne postø!
|
| _version_ | 1810764568983502848 |
|---|---|
| author | Tiwari, kumar.A Olayeni, Richard.O Olofin, Adejonwo.S Chang, Tsangyao |
| author_facet | Tiwari, kumar.A Olayeni, Richard.O Olofin, Adejonwo.S Chang, Tsangyao |
| author_sort | Tiwari, kumar.A |
| collection | DSpace |
| description | Taylor and francis, pages;1-18. |
| format | Journal |
| id | oai:ir.oauife.edu.ng:123456789-5290 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | Taylor and Francis group |
| record_format | dspace |
| spelling | oai:ir.oauife.edu.ng:123456789-52902023-05-13T18:08:25Z The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis Tiwari, kumar.A Olayeni, Richard.O Olofin, Adejonwo.S Chang, Tsangyao Inflation-growth; nexus; time-frequency relationship; wavelet cross-correlation; India Taylor and francis, pages;1-18. This article re-visits the inflation–growth nexus in India using the tools of wavelet, i.e. wavelet correlation, wavelet cross-correlation and scale by scale Granger causality test. Wavelet crosscorrelation analysis shows that at the shortest scales inflation and economic growth were independent; at medium scales, there exists feedback effect; and at higher scales, only economic growth is leading to inflation. Furthermore, we find: (a) high and increasing dependence between inflation and economic growth, particularly after mid-2002; (b) high-frequency components of economic growth Granger-cause low-frequency component of CPI-based inflation and vice-versa, and at all scales economic growth Granger-cause inflation at scales of 4–6 and no evidence of causality was detected from WPI-based inflation to economic growth; (c) results indicate that there is no long-run causal link between inflation and economic growth. This study presents new insights for policymakers to sustain economic development by using inflation as an economic tool in India. 2023-05-13T16:35:10Z 2023-05-13T16:35:10Z 2019-06-03 Journal https://ir.oauife.edu.ng/123456789/5290 en application/pdf Taylor and Francis group |
| spellingShingle | Inflation-growth; nexus; time-frequency relationship; wavelet cross-correlation; India Tiwari, kumar.A Olayeni, Richard.O Olofin, Adejonwo.S Chang, Tsangyao The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis |
| title | The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis |
| title_full | The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis |
| title_fullStr | The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis |
| title_full_unstemmed | The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis |
| title_short | The Indian inflation–growth relationship revisited: robust evidence from time–frequency analysis |
| title_sort | indian inflation growth relationship revisited robust evidence from time frequency analysis |
| topic | Inflation-growth; nexus; time-frequency relationship; wavelet cross-correlation; India |
| url | https://ir.oauife.edu.ng/123456789/5290 |
| work_keys_str_mv | AT tiwarikumara theindianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis AT olayenirichardo theindianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis AT olofinadejonwos theindianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis AT changtsangyao theindianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis AT tiwarikumara indianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis AT olayenirichardo indianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis AT olofinadejonwos indianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis AT changtsangyao indianinflationgrowthrelationshiprevisitedrobustevidencefromtimefrequencyanalysis |