Reserve Bank of India – Press Releases

The Reserve Bank of India today released on its website the DRG Study^* titled, “Threshold Level of Inflation – Concept and Measurement”. The study is co-authored by Professor Ravindra H. Dholakia, Dr. Jai Chander, Smt. Ipsita Padhi and Shri Bhanu Pratap.

The study examines the concept of threshold inflation and defines it as the long run equilibrium rate of inflation that maximises the steady state growth within the relevant range of values. The empirical findings of the study broadly confirm higher threshold inflation and higher growth in emerging market economies than in advanced economies.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/265