1,065 research outputs found
Revisiting the empirical existence of the Phillips Curve for India
No full textThis paper revisits the empirical existence of the Phillips curve in the Indian context. To estimate the Phillips curve we need two variables – inflation and the output gap. In the case of India, incorrect measurement of both variables causes much difficulty in estimating the Phillipscurve. We use a non-linear Kalman filter approach to estimate the output gap and find that the Kalman filter estimate captures all the dynamics of the economy. Our results show that after taking supply shocks into consideration, there is clear evidence as to the existence of the Phillips curve in India for recent years.Kalman Filter; Output Gap; Inflation
Article and Author Level Measurements
No full textArticle and author level measurements have been discussed in this Unit. Author and researcher identifiers are absolutely essential for searching databases in the WWW because a name like D Singh can harbour a number of names such as Dan Singh, Dhan Singh, Dhyan Singh, Darbara Singh, Daulat Singh, Durlabh Singh and more. The ResearcherID.com, launched by Thomson Reuters, is a web-based global registry of authors and researchers that individualises each and every name. Open Researcher and Contributor ID (ORCID) is also a registry that uniquely identifies an author or researcher. Both have been discussed in this Unit. Article Level Metrics (Altmetrics) has been treated in this Unit with the discussion as to how altmetrics can be measured with Altmetric.com and ImpactStory.org. Altmetrics for Online Journals has also been touched. There are a number of academic social networks of which ResearchGate.net, Academia.edu, GetCited.org, etc. have been discussed. Regional journal networks with bibliometric indicators are also in existence. Two networks of this type such as SciELO – Scientific Electronic Library Online, and Redalyc have been dealt with. This Unit discusses in details aspects such as Unique Identifiers for Authors and Researchers; Article Level Metrics (Altmetrics); Academic Social Networks; and Regional Journal Networks with Bibliometric Indicators
Z problematyki wartości duchowych rosyjskiego prawosławia – „Dziennik pisarza” emigranta B.K. Zajcewa
No full textThe prose written by a representative of the First Wave of Russian Emigration
– B.K. Zaytsev – has been investigated in Poland since the 1980s, and at the beginning
of the 21st century we know that there are some academic centers and researchers that
have dedicated their work to different aspects of the prose written by the author
of ’A Writer’s Diary’.
This article examines Zaytsev’s essays devoted to the spiritual values of the Russian Orthodox Church. Their essence is described in Zaytsev’s essays about John of
Kronstadt or the Optina Hermitage, which is where Russian notables such as N. Gogol,
V. Solovyov, K. Leontyev, F. Dostoyevsky or even L. Tolstoy himself came to seek advice.
Zaytsev’s essays: ‘The history of the Russian soul’ and ‘One more time about Athos’ are
very important as they provide an understanding of the values of the Russian Orthodox
Church. In the latter the author contemplates his visit to the monks of Athos reminiscing
about their kindness, rectitude and modesty which, according to Zaytsev, ‘calmed
his own soul’
Gauging the difference that makes a difference: A framework for valuation of information
No full textElectrical Engineering, Mathematics and Computer Scienc
Evaluation of Information System Proposals - Design of a decision support method
No full textElectrical Engineering, Mathematics and Computer Scienc
An assessment of inflation modelling in India
No full textThis study analyses India's inflation using the Phillips curve theory. To estimate an open-economy Phillips curve, we need three variables: (1) inflation (2) the output gap and (3) the real effective exchange rate. In India, the incorrect measurement of variables causes much difficulty in estimating the Phillips curve. The study by Singh, B.K. et al (2011) found that the Phillips curve existed, after addressing the issues related to measuring the variables. They suggested that the composite consumer price index (CCPI) was the best measure of inflation, and should be used to construct the real effective exchange rate in India. In measuring the output gap, the paper found that the Kalman filter estimates of the output gap capture all the dynamics of the Indian economy. This study constructs the variables, using a method similar to that followed by Singh, B.K. et al (2011). During the period 2008 to 2011, a combination of adverse supply shocks and overheating of economy resulted in an inflationary situation
A model for information systems outsourcing decision making
No full textElectrical Engineering, Mathematics and Computer Scienc
The role of open access data in geospatial electrification planning and the achievement of SDG7. an OnSSET-based case study for Malawi (vol 12, 1395, 2019)
No full textThe authors wish to make a change in author names (adding new author—Dimitrios Mentis) to this paper [1]: Author Contributions On page 19, author contributions are updated as follows: Conceptualization, A.K., D.M. and M.H.; Methodology, A.K., A.S., B.K. and D.M.; Software, A.K., B.K., A.S. and C.A.; Validation, M.H.; Formal Analysis, A.K.; Investigation, A.K.; Resources, A.K. and B.K.; Data Curation, A.K., B.K. and A.S.; Writing—Original Draft Preparation, A.K.; Writing—Review and Editing, A.K., D.M., M.H., C.A.; Visualization, A.K. and B.K.; Supervision, M.H.; Project Administration, M.H.; Funding Acquisition, M.H., D.M. and A.K. All authors have read and agreed to the published version of the manuscript. Funding On page 19, funding sources are updated as follows: This research was funded by the World Bank under the contract number 7185716 and partially by (a) the Swedish Center for Smart Grids and Energy Storage (SweGRIDS-ABB) under grant VF-2015-0018 and (b) the ÅForsk Foundation under grant 17-604. The authors would like to apologize for any inconvenience caused to the readers and contributors by these changes. The changes do not a ect the scientific results. The manuscript will be updated, and the original will remain online on the article webpage, with a reference to this correction.</p
Monetary policy in developing countries: the case of Nigeria
No full textIn recent times, monetary policy has increasingly adopted the interest rate as an instrument and inflation as the ultimate objective. This is congruous with the propositions of the New consensus macroeconomics (NCM) and synonymous with the somewhat widespread practice of inflation targeting. However, the optimality of a monetary policy approach depends critically on its effectiveness and costs; which would differ between developing and developed countries. This thesis investigates the effectiveness and costs of an NCM-type monetary policy in Nigeria. Essentially, it is a systematic study of the implications of monetary policy in Nigeria, while paying attention to the peculiarities of the Nigerian economy and using a rigorous up-to-date framework. Effectiveness is investigated by considering some underlying assumptions of the NCM. First, the assumption of a complete pass-through from the policy interest rate to the market rates (which is critical for the success of monetary policy) is investigated. Here an array of market, retail deposit and lending rates are examined while an attempt is also made to capture the role of financial market (under)development. Second, the effect of monetary policy on aggregate demand is investigated, since it constitutes the intermediate target of policy. Given the high incidence of poverty in Nigeria and our associated assumption that consumption would, in this case, be inelastic to policy changes, the aggregate demand effect is limited to investigating the responsiveness of investment to monetary policy induced changes in the interest rate. Finally, the cost and benefit analysis of monetary policy in Nigeria is investigated by estimating a NCM-type Phillips curve. To understand the dynamics and source of inflation the standard NCM-type Phillips curve is augmented with supply factors. The relative importance of demand vis-à-vis supply factors as well as the cost and benefits of disinflation are thereafter determined. These are analysed using both theoretical and empirical approaches. Results indicated that an NCM-type monetary policy is generally ineffective in anchoring interest rates or aggregate demand and may be conducted at a considerably high cost in terms of output loss and financial instability. These findings and their policy implications are not entirely surprising given the institutional features of the Nigerian economy. They generally suggest that the use of interest rate policies tended to create more problems than it can solve. Hence, to avert the associated problems, there is a need for other instruments which the central bank can control effectively. Moreover, monetary policy focus should be on long-run output expansion and short-run price-stability, rather than the converse. This would have the benefit of moderating poverty and unemployment
Organisatie-Ontwerp van de Informatievoorziening
No full textElectrical Engineering, Mathematics and Computer Scienc
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