Archive for October 18th, 2011

Inflation and Monetary Policy: 2006-08 vs 2009-11

October 18, 2011

This paper has been keeping me busy for a while. Finally it is complete or atleast broad thoughts are in place.

In this paper I have compared the two episodes of inflation in India 2006-08 and current inflation phase theta started from Oct-09. The paper looks the inflation levels, monetary policy and impact of markets in both the periods. It also looks at various monetary indicators to understand the role of money and credit in both the phases of inflation.

Read the paper for more details….

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Did RBI’s purchase of 200 tonnes of gold increase gold prices?

October 18, 2011

This is a superb paper by A Karunagaran of RBI.

RBI was in news for purchasing 200 tons of Gold. Some said this led to rise in price of gold and others said RBI was just diversifying its reserves. Some even said RBI is restoring the pride as it was forced to keep gold with IMF in the 1991 crisis.  This prompted the study:

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How Occupy Wall Street Protest is itself becoming a Too Big to Fail.

October 18, 2011

This blog has been silent on this ongoing protests about Wall Street Practices at NY’s Zuccotti Park as have been preoccupied with so many things.

Came across two terrific articles on the same.

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What drove oil prices in 2008? Speculation or Fundamentals?

October 18, 2011

Michael D. Plante and Mine K. Yücel have released two short papers on the topic. First one looks at spot market and second one at futures market to answer the question. In both, fundamentals is the winner.

In spot market study, they point to following reasons:

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