Ebook Download Alternative Monetary Policy Rules for India

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Alternative Monetary Policy Rules for India High quality books

Alternative Monetary Policy Rules for India
By:Muneesh Kapur,Michael Debabrata Patra
Published on 2012-05-01 by International Monetary Fund

This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of both rules and their hybrid version - setting a nominal output growth objective for monetary policy with an interest rate instrument - outperform contemporaneous and backward-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and discretion.

This Book was ranked at 40 by Google Books for keyword Easy money policy.

Book ID of Alternative Monetary Policy Rules for India's Books is oY1i4moFRHoC, Book which was written byMuneesh Kapur,Michael Debabrata Patrahave ETAG "/3wvvjIffrQ"

Book which was published by International Monetary Fund since 2012-05-01 have ISBNs, ISBN 13 Code is 9781475527391 and ISBN 10 Code is 147552739X

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Book which have "44 Pages" is Printed at BOOK under CategoryBusiness and Economics

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