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

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Role and Impact of Inflation Targeting Regime on Households’ Inflation Expectation

The inflation targeting regime has almost no impact on households’ inflation expectation formation. The article finds a very high correlation between the three–month ahead households’ IE and current inflation perception. It argues that the IE majorly depends on households’ realisation of current inflation, providing very less space for other factors, like regime shift to IT. It further questions the fundamental need of awareness regarding the IT regime for it to affect the IE formation among households.

Between ‘Baksheesh’ and ‘Bonus’

How is class experienced by domestic workers when they come together for collective action? Using ethnographic data, this paper argues that the collective action efforts by some unions of domestic workers in Bengaluru to demand “bonus” reveals the struggles over class that they engage in, struggles that make them conscious of their in-between class status as self-employed workers in a precarious informal economy. The collective action of demanding bonus in Bengaluru entails a cultural–political struggle away from a gift economy relationship and towards a more commodified economy under conditions of precarity in the informal economy.

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