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With the passing of the 74th Amendment to Indian Constitution (Ministry of Urban Development 1992) and corresponding legislation, amendments, ordinances, etc. at the state level, decentralisation has become the keyword in governance. Three main areas for action are identified: the budget process; management practices and the use of market mechanisms in the delivery of public services ...

Is There a Change in the Trade-Off Between Output and Inflation at Low or Stable Inflation Rates?

This paper examines the relationship between the output gap and inflation in Japan by estimating Phillips curves and testing for changes since the advent of low inflation and/or the stabilisation of the rate of change of inflation.

Pages: 391

Publisher: Springer; Softcover reprint of the original 1st ed. 1999 edition (January 31, 1999)

ISBN: 1461373166

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