Alternative Monetary Policy Rules for India is popular PDF and ePub book, written by Michael Debabrata Patra in 2012-05-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Alternative Monetary Policy Rules for India can be Read Online from any device for your convenience.
Alternative Monetary Policy Rules for India Book PDF Summary
This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of both rules and their hybrid version - setting a nominal output growth objective for monetary policy with an interest rate instrument - outperform contemporaneous and backward-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and discretion.
Detail Book of Alternative Monetary Policy Rules for India PDF
- Author : Michael Debabrata Patra
- Release : 01 May 2012
- Publisher : International Monetary Fund
- ISBN : 9781475579871
- Genre : Business & Economics
- Total Page : 72 pages
- Language : English
- PDF File Size : 7,6 Mb
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