Inoue, Takeshi; Hamori, Shigeyuki - Institute of Developing Economies, Japan External Trade … - 2009
This paper empirically analyzes India’s monetary policy reaction function by applying the Taylor (1993) rule and its open-economy version which employs dynamic OLS. The analysis uses monthly data from the period of April 1998 to December 2007. When the simple Taylor rule was estimated for...
