Does the imflation affect savings non-linearly? (Record no. 510181)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01794nam a2200157 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190802b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Dash, Santosh K. |
| 245 ## - TITLE STATEMENT | |
| Title | Does the imflation affect savings non-linearly? |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | p.431-457. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | In the wake of the steep fall in the saving rate between 2007–2008 and 2012–2013, this article investigates to what extent inflation explains the variation in the saving rate. Most of the extant studies on saving focus on estimating the linear impact of inflation on saving; our article examines for the first time whether inflation has a non-linear impact on saving. To ascertain how inflation affects saving, we use both linear and non-linear models like the quadratic method and the Sarel (Staff Papers [Interdomestic Monetary Fund], 43, 199–215, 1996) methodology. Our findings from the linear saving model suggest that both domestic and private savings are negatively correlated with inflation, the real interest rate and the share of agriculture, and positively correlated with the growth rate. Further, higher public saving crowds out private saving, suggesting a partial Ricardian equivalence. Results from the non-linear models do not suggest a non-linear impact of inflation on saving. Thus, there is no threshold inflation in the context of the inflation–saving relationship. Instead, we find that inflation has a linear and significant negative effect on savings. The implication of not finding threshold inflation is that the central bank should control inflation, so as to promote a higher saving rate. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Savings - India |
| 9 (RLIN) | 7694 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Kumar, Lakshmi |
| 9 (RLIN) | 7695 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Margin- The Journal of Applied Economic Research |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | Inflation - India |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2019-08-02 | 12(4), Nov, 2018: p.431-457. | AR120137 | 2019-08-02 | Articles |