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Monetary transmission in post-reform India: An evaluation

Singh, Kanhaiya; Kalirajan, Kaliappa


In the post-reform period, the monetary policy of India has been undergoing various transformations. The emphasis is shifting from conventional instruments of price and quantity control to a more sophisticated route of monetary transmission. Using the recent econometric methodology of cointegrated vector autoregression with generalized restrictions, this study has attempted to examine whether monetary policy in India does work through interest rates in the post-reform period. The long-run...[Show more]

CollectionsANU Research Publications
Date published: 2007
Type: Journal article
Source: Journal of the Asia Pacific Economy
DOI: 10.1080/13547860701252371


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