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Credit Channel of Monetary Transmission in India - How Effective and Long is the Lag?
Khundrakpam, Jeevan Kumar - Volkswirtschaftliche Fakultät, … - 2011
This paper examined the operation of credit channel of monetary policy transmission in India during the post-LAF period of 2001:3 to 2011:3. Drawing on the literature, two reduced form equations, one representing nominal bank credit and the other real bank credit was estimated following an...
Persistent link: https://www.econbiz.de/10011259066
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Monetary Policy Transmission in India: A Peep Inside the Black Box
Khundrakpam, Jeevan Kumar; Jain, Rajeev - Volkswirtschaftliche Fakultät, … - 2012
transmission channels of monetary policy to GDP growth and inflation in India. It finds that external exogenous factors prolong the … impact of monetary policy transmission on GDP growth and inflation in India, while removing the problem of ‘price puzzle … two quarters and subsequently impacts GDP growth and inflation negatively. The same monetary policy shock has a negative …
Persistent link: https://www.econbiz.de/10011259799