ScienceGuy

The study investigates the impact of monetary policy on CO2 emissions while controlling for income, trade, foreign direct investment (FDI) and accounting for structural breaks using annual data from 1971 to 2014. By utilizing the extended environmental Kuznets curve (EKC) framework and dynamic ARDL simulations, the results reveal that the Kuznets curve is a long-run phenomenon for India, not a short run. Moreover, interest rates are identified to possess a significantly positive relation with emissions in the short as well as long run. This indicates the sub-optimality of the present monetary policy for sustainable growth. Hence, it suggests incorporating environmental impacts into the central bank’s framework. Additionally, trade is found to be inelastic and weakly beneficial for the environment, while FDI is elastic and significantly detrimental. The latter evidence supports Pollution Haven Hypothesis. Further, following Itkonen (Itkonen, Energy, 2012) arguments, the study demonstrat...

Here the notes discuss how TFP calculations are actually done in practicality. It also discusses sectoral output functions and uses them to derive aggregated GDP for the economy, introducing the idea of Domar weights on the go.

Notes based on the lecture by Prof. Alwyn Young discusses the problems of growth accounting. It describes the growth calculation using the National Accounts, its shortcomings and the potential solution - the chained index. Additionally, the lecture also discusses the growth calculation method adopted by PWT and its potential issues.

Notes discuss the basics of TFP. Referenced to Prof. Alwyn Young. Click here  to read my notes.

Abstract: Many questions have been raised regarding the need & efficacy of demonetization. Different sceptics have different speculations related to the impact of the move on the growth of the Indian economy, with general perception supporting the quantity theory of money.

1. Introduction The world has seen unprecedented growth in the past few decades. But has everyone been benefited from this growth, or has it been only for few big economies at the cost of others?