The spate of persistent inflationary pressure experienced in the post liberalisation era in India throws light on the fact that the causes of inflation in India have undergone tectonic changes. The present study therefore aims at empirically identifying the determinants of inflation in India. In...

Keeping in view the financial sector reforms and introduction of a number of financial innovations, the present study empirically examines the efficacy of monetary policy in achieving its objective of price stability and growth in the post-1999 era. Unlike the conventional method of using the...