Rahul Anand & Volodymyr Tulin
International Monetary Fund
Abstract:
Anand and Tulin will report on their recent research on the investment slowdown in India and explore its underlying causes. India’s sharp deceleration in investment has sparked a debate about the role of interest rates, business confidence and economic policy uncertainty. Their research suggests that while real interest rates do explain aggregate investment activity better than nominal interest rates, they nonetheless account for only a quarter of the explained investment downturn. Other, standard macro-financial variables also do not fully explain the recent investment slump. Using a new measure of economic policy uncertainty, their results suggest that heightened uncertainty and deteriorating business confidence have played an important role in the recent investment slowdown.
Date: February 26, 2014
Time: 03:30 P.M.
Venue:
NCAER Conference Room
National Council of Applied Economic Research
Parisila Bhawan, 11, Indraprastha Estate
New Delhi-110002(INDIA)
Location:
View Larger Map
Note:
Please join us for tea after the seminar. For queries, please contact Ms Sudesh Bala at sbala@ncaer.org or on 011-2345-2669.
International Monetary Fund
Abstract:
Anand and Tulin will report on their recent research on the investment slowdown in India and explore its underlying causes. India’s sharp deceleration in investment has sparked a debate about the role of interest rates, business confidence and economic policy uncertainty. Their research suggests that while real interest rates do explain aggregate investment activity better than nominal interest rates, they nonetheless account for only a quarter of the explained investment downturn. Other, standard macro-financial variables also do not fully explain the recent investment slump. Using a new measure of economic policy uncertainty, their results suggest that heightened uncertainty and deteriorating business confidence have played an important role in the recent investment slowdown.
Date: February 26, 2014
Time: 03:30 P.M.
Venue:
NCAER Conference Room
National Council of Applied Economic Research
Parisila Bhawan, 11, Indraprastha Estate
New Delhi-110002(INDIA)
Location:
View Larger Map
Note:
Please join us for tea after the seminar. For queries, please contact Ms Sudesh Bala at sbala@ncaer.org or on 011-2345-2669.
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