This study formulates a small open economy model for India with exchange rate as a prominent channel of monetary policy. The model is estimated using the Instrumental Variable-Generalized Methods of Moments (IV-GMM) estimator and evaluated through simulations. This study compares different cases...

The empirical literature on identification and measurement of the impact of monetary policy shocks on the real side of the economy is fairly comprehensive for developed economies, but very limited for emerging and transition economies. In this study, we propose an identification scheme for a...

This paper compares multidimensional deprivation in India and China during the 1990s and beyond. The analysis is based on unit record data. The paper disaggregates the overall deprivation by categories, and compares the deprivation distribution between the two countries. The study reports that...