Indira Gandhi Institute of Development Research

About: Indira Gandhi Institute of Development Research is a facility organization based out in Mumbai, Maharashtra, India. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 307 authors who have published 1021 publications receiving 18848 citations.

Degree theory in linear complementarity

Abstract: In this paper, a brief survey of some of the results in linear complementarity theory is presented, using the conceptof the degree of a suitably constructed piecewise linear map Local and global degrees of an LCP map are quiteuseful in identifying subclasses of and Qo-matrices Some of the well-known characterizations of these classesare given a newer perspective in terms of degree theory The class of superfluous matrices defined using globaldegree is highlighted with relevant examples Properties of a simplicial polytope relating to an LCP map are of usein global degree analysis One of the sections here deals with these results Finally, the use of degree theory in thestudy of sensitivity and solution stability of linear complementarity problems is brought out

From Participation To Repurchase: Low Income Households And Micro‐insurance

Abstract: The article asks what drives the time to repurchase for life and accident insurance contracts in low income households. We use data on customers of a financial services provider from three states in India and find that the probability of repurchase is highest in the first 2 months after the contract expires, and steadily declines after. This suggests a window of opportunity for financial firms and governments to target customers to ensure continuous insurance purchase. Nonmembership of microfinance groups and poor rainfall in the month of expiry affect the time to repurchase adversely. Customers who take longer to repurchase tend to increase the amount of insurance cover.

Policy Actions and Outcomes

Abstract: The SIIO paradigm is developed further showing how the structure, ideas , and institutions analyzed in Chap. 1 affected Indian monetary policy outcomes. An aggregate demand–supply framework derived from forward-looking optimization subject to Indian structural constraints is able to explain growth and inflation outcomes given policy actions. Exogenous supply shocks are used to identify policy shocks and isolate their effects. It turns out policy was often procyclical and sometimes excessively tight when the common understanding is there was a large monetary overhang. But the three factors that cause a loss of monetary autonomy —governments, markets, and openness—are moderating each other. Open markets moderate fiscal profligacy and dominance. Global crises moderate markets and openness as they encourage greater caution. More congruence between ideas and structure is improving institutions and contributing to India’s better performance.

Poverty Reduction in 1990s: A Comparison of India and China

Abstract: This paper tries to make a comparative study of poverty reduction in India and China during 1990s. This study could find that there are many factors in common between these two countries in their road to poverty reduction. It has been observed that in both India and China the absolute poverty levels have fallen ever since the liberalization process has started. But the poverty in both these countries have taken different dimensions. Inequality has increased and poverty started getting concentrated in few regions and among few casts. As both the countries were undergoing economic reforms during this period the common behavior that is observed could be something that is worth investigating further.