Kautilya

Browsing by Subject "monetary policy"

Browsing by Subject "monetary policy"

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  • Estimating the Indian natural interest rate and evaluating policy 
    Goyal, Ashima; Arora, Sanchit (2013-09)
    We estimate the unobserved time-varying natural interest rate (NIR) and potential output for the Indian economy using the Kalman Filter. Estimation is a special challenge in an emerging market because of limited length of ...
  • Incentives from exchange rate regimes in an institutional context 
    Goyal, Ashima (2012-05-29)
    In a simple open economy macromodel, calibrated to the typical institutions and shocks of a densely populated emerging market economy, it is shown that a monetary stimulus preceding a temporary supply shock can abort ...
  • Monetary transmission in developing countries: Evidence from India 
    Mishra, Prachi; Montiel, Peter; Sengupta, Rajeswari (2016-03)
    There are strong a priori reasons to believe that monetary transmission may be weaker and less reliable in low- than in high-income countries. This is as true in India as it is elsewhere. While its floating exchange rate ...