An Analytical Study on Inflationary Expectations with Reference to Evidences from the World (original) (raw)

Amidst the dynamic global financial environment, developing countries like India have a host of opportunities available. Alongside comes macroeconomic disturbances channelized both through internal and external factors. Inflation in such scenario becomes a very important variable. India, especially after 2008 has observed the crucial role played by the financial markets in building macroeconomic strength of the country. Hence, it becomes imperative for the world economy to focus on inflationary pressures in the country. The relevance of inflationary expectations has been understood long back in 1960s when Milton Friedman, in December 1967, in the eighteenth Annual meeting of American Economic Association introduced the significance of the subject officially for the first time. He proposed that economics function efficiently if all its agents, viz., producers, consumers, employers and employees anchor their behaviour confidently in line with swift anticipated movement of prices in fu...

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