Saturday, April 27

Macroeconomic Policy, Trade & Competitiveness

Sri Lanka & Bangladesh Look East

Inflation in the U.S. has averaged 1.9 per cent between 1996 and 2009 while mean inflation rate in 21 advanced economies (AE), excluding the U.S., has averaged some 25 basis points lower than that. During a Brookings India Development Seminar, Surjit Bhalla, member of the Prime Minister’s Economic Advisory Council and Chairman, Oxus Research & Investments, argued that while much had been said about inflation decline since 2007, in reality it had set in around the mid-1990s. Based on a chapter of his new book The New Wealth of Nations, the seminar shed light on trends in inflation in advanced […]

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