The reforms in monetary and credit policies in India over time aimed at slowing down monetary expansion and thereby controlling inflation. Since the onset of the reforms process, monetary management in terms of framework and instruments has undergone significant changes, reflecting broadly the transition...
approach to generate future inflation, followed by an exploration of the determinants of inflation expectations by estimating a new Keynesian type Phillips curve that takes into account country-specific characteristics, the stance of monetary and fiscal policies, marginal costs and exogenous supply shocks...
The RBI's policies have maximum impact on volatile foreign exchange and stock markets. A hike in interest rates would tend to suck money out of shares into bonds or deposits; a fall would have the opposite effect. Impact on stock market In the West, where both the bond as well as the ...
In addition, the level of inflation was at an all-time high. During this duration, various monetary policies and tools were utilized by the Reserve Bank of India. The research used ordinary least square model (regression model) in the endeavor. The research found out the money supply has a...
The previous empirical literature has used three methods to estimate exchange rate pass-through, namely, the single equation method, vector autoregression, and cointegration. In floating exchange rate regimes, the exchange rate is endogenous and responds to economic policies; the exchange rate and price...
Role of Government in Inclusive Banking in India It works in tandem with the monetary and financial sector policies at macro-level. In federal countries like India, the relationship dynamic between the central government and the state governments determines the regional development of ... L Kulkarni...
The objective of this paper is to examine the impact of unconventional monetary policy measures adopted in developed countries (the US, UK, Euro Area and Japan) on developing economies (Brazil, China, India and Russia). First, we analyse the domestic and cross-border financial market impact of...
* In the early 1980s, the Federal Reserve enacted policies to raise private-sector interest rates. These high interest rates reduced inflation amid the recession of 1981–82.[44] [45] [46] * The period from the mid-1980s to 2007 is known as the Great Moderation, when inflation stabiliz...
An econometric analysis of the effectiveness of fiscal and monetary policies in India This study investigate the effectiveness of fiscal policy and monetary policy in India. We collected the time series data for India ranging from 1960 to 2019 from World Development Indicator (WDI). We applied the...
Economic stimulus refers to policies undertaken by a government or central bank to increase economic growth and counter recession. These can be either fiscal or monetary in nature. Learn More Currency A currency is anything that serves as a medium of exchange, a store of value, and a unit of...