This paper analyses the impact of transmission of international oil prices and domestic oil price pass-through policy on major macroeconomic variables in India with the help of a macroeconomic policy simulation model. Three major channels of transmission viz. import channel, price channel and...

The agrarian sector in many developing countries has been going through a phase of slowdown, at times aggravating to a crisis, which has called for serious research and introspection into the policies and policy regimes that underlie their development trajectories. This paper looks at one set of...

Credit channel of monetary transmission mechanism provides an alternative transmission channel of monetary shock through the asset side of the banking system. Based on the literature on market imperfection, it presents some appealing arguments on supply side effects of innovations in monetary...