Department of Commerce

Permanent URI for this communityhttps://ir.nbu.ac.in/handle/123456789/2925

The Post Graduate Department of Commerce was established in 1965 with the purpose to promote state of the art teaching and research and in Business Operations and Management. The primary programme offered by the department is Masters in Commerce, with specializations offered in Accounting and Finance, Personnel Management and Industrial Relations , Marketing, Banking and Finance and International finance.

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Subject: search.filters.subject.Inflation

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    Economic Growth-Inflation Dynamic Trade-Offs in India: Stability Issues and Policy Implications
    (University of North Bengal, 2019-03) Das, Kalyan
    Endogenous and exogenous shocks disrupt macroeconomic stability. Growth, inflation and external balance are used to evaluate macro performance of an economy. Examining the relationship between inflation and gross domestic product (GDP) has long been an important field in macroeconomic research. This paper examines the nature of dynamic trade-offs between inflation and output and their direction of causation in the Indian economy utilizing time series dataset over the period from 1950-51 to 2015-16 employing together with unit root tests, cointegration regression and causality tests. There is strong evidence of their bidirectional causality. The empirical findings help to translate certain important theoretical issues on structural adjustment problems into various policy relevant solutions and interrelationships examining the role and conduct of macroeconomic stabilisation policies with particular emphasis placed on the specific episodes on macroeconomic dips, the existence of recessionary episodes, the counter-cyclical nature of inflation and the sustainability of macroeconomic policies.
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    Growth-Inflation nexus in USA: A Threshold Regression Approach
    (University of North Bengal, 2017-03) Bhowmik, Debesh; Biswas, Debasish; Mitra, Debabrata
    The paper endeavors to find out the nature of inflation of USA during 1961-2015 and to find out the nexus between inflation and growth using Granger causality, Johansen co-integration and vector error correction models. It also showed threshold limit of inflation of 1.75-3.0 per cent in USA using GDP deflator as inflation and taking World Bank Data. It finds one structural break at 1992 and no random walk with drift. Growth inflation nexus is negative. They are co-integrated and showed unidirectional causality. Error correction process is very fast and significant but vector error correction model is stable but divergent. Federal Reserve Bank is in favour of fiscal and monetary policy reforms to curb inflation.