ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

ContagionSubscribe to Contagion

Decongest Jails: PUDR Issues Statement Amid the COVID-19 Pandemic

Peoples Union for Democratic Rights (PUDR) demands the temporary decongestion of jails in view of the COVID-19 public health crisis. The spread of infections to places of incarceration and detention adversely affects the employees of these institutions and prolongs the duration of the disease in the community at large.

Vulnerability of Emerging Market Economies to Exogenous Shocks

The transmission of global demand, oil supply and monetary policy shocks on the Indian economy are empirically examined using a parsimonious structural vector autoregression model for the period 1996 to 2016. Global demand shocks exert the most dominant effect causing fluctuations in various macroeconomic variables, whereas global monetary policy spillovers play an important role in affecting domestic short-term interest rates and financial asset prices. Global oil supply shocks, given its relative weightage as an intermediate input, have a greater impact on wholesale price index inflation than on consumer price index inflation. Given the rising trade and financial integration of the Indian economy, a quantitative impact analysis of these global shocks assumes importance for macroeconomic and monetary policy frameworks.
Back to Top