Garga, Vaishali; Lakdawala, Aeimit; Sengupta, Rajeswari - 2022 - This version: October 2022
inflation targeting makes economic agents change their perception about central bank decisions. Specifically, using the Reserve … Bank of India's adoption of inflation targeting in 2015 as a laboratory, we apply two different approaches to estimate a … credible commitment by the Reserve Bank of India. …