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Progress on the Study and the First Quarterly Report

Also asymmetric pass-through suggests domestic prices may not fall as rapidly as they increase in response to exchange rate and international prices
High consumption cohort (population in the age-group 15-65): 58.3% in 1990 to about 65% in 2011. This will further increase to above 68% till 2040.
Variables used: International Primary Commodity prices (IMF), IIP-OECD area (seasonally adjusted with 2005=100), M3- OECD area (seasonally adjusted with 2005=100), Dow Jones monthly closing index The impact of the coefficient of the Excess Liquidity on International Commodity Prices is measured through the sum of the coefficient of the lags.

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