Gupta, Abhijit Sen; Sengupta, Rajeswari - Indira Gandhi Institute of Development Research (IGIDR) - 2014
In this paper we analyze whether the current macroeconomic environment in India is suitable for implementation of … results indicate that historically the Reserve Bank of India has given more importance to inflation compared to output growth … prices in India thereby making the choice of nominal anchor a tricky one. Furthermore, the success of monetary policy in …