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Rudrani Bhattacharya
Rudrani Bhattacharya is an assistant professor at the National Institute of Public Finance and Policy, New Delhi. Her primary research area includes inflation and monetary policy, international finance, growth, development and Dynamic Stochastic General Equilibrium modelling for emerging market economies. She has received her Ph.D. from Indian Statistical Institute and her Ph.D. topic is based on endogenous growth and structural change in multi-sectoral framework.
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Why food inflation has been high in India
The persistently high food inflation witnessed in India over the past few years has been a cause for concern. This column seeks to identify the major drivers of food inflation in India, and to evaluate the extent to which food inflation has had an impact on non-food and overall inflation.
When higher volatility is good news
Conventional wisdom suggests that access to financial services such as banks and bond markets, providing savings and borrowing instruments, allows smoothing consumption over lifetime, irrespective of income fluctuations. Yet, India and other emerging economies have witnessed an increase in consumption volatility relative to income volatility after financial sector development. This column argues that large permanent income shocks in emerging economies explain this puzzle.