Tag Search: “monetary policy”
Targeting nominal GDP
Central banks, especially in developing countries, still seek transparent and credible communication. Yet signalling intentions in the conduct of monetary policy sometimes creates undesirable constra...
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Pranjul Bhandari
Jeffrey Frankel
08 January, 2015
- Articles
India's macroeconomic outlook
With falling inflation, high forex reserves and the new government embarking on a broad reform agenda, things seem to be looking up for India. In this article, Eswar Prasad shares his macroeconomic o...
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Eswar Prasad
16 December, 2014
- Perspectives
Should India embrace inflation targeting?
The Urjit Patel Committee recommended the formal adoption of an inflation targeting regime for India. In this article, Iyanatul Islam compares the views of the current RBI Governor with those of his ...
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Iyanatul Islam
12 December, 2014
- Perspectives
From tapering to tightening: The impact of the Fed's exit on India
India was among the hardest hit by the Fed’s ‘taper talks’. This column argues that this impact was large for two reasons. First, India received huge capital flows before. This had made it a convenie...
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Kaushik Basu
Barry Eichengreen
Poonam Gupta
27 November, 2014
- Articles
Revisiting Indian inflation
Persistently high inflation is a key challenge facing India today. This column analyses long-term trends in Indian inflation and causal factors. It also discusses the current thinking of the RBI on r...
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Kirti Gupta
Fahad Siddiqui
10 October, 2014
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Is the rupee fairly valued?
Is the rupee fairly valued, and should the RBI allow it to appreciate beyond its current rate? This column analyses new World Bank data and finds that the rupee is persistently undervalued by 30% or ...
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Martin Kessler
Arvind Subramanian
27 August, 2014
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Keys to successful reform in India
The new Indian government’s first budget - due to be unveiled this week – will be an important indicator of how forcefully the new PM intends to translate his mandate of putting India’s economy back ...
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Eswar Prasad
09 July, 2014
- Perspectives
Why food inflation has been high in India
The persistently high food inflation witnessed in India over the past few years has been a cause for concern. This column seeks to identify the major drivers of food inflation in India, and to evalua...
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Rudrani Bhattacharya
Abhijit Sen Gupta
Narhari Rao
16 April, 2014
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How exchange rate changes impact Indian manufacturing firms
After falling to its lifetime low of 68.85 against the dollar in August last year, the Rupee has now appreciated to breach the 60-per-dollar mark. This column explores the impact of currency movement...
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Anubha Dhasmana
02 April, 2014
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Inflation targeting in India: Right and wrong
An RBI-appointed Expert Committee has recommended targeting a 4% inflation rate, but allowing it to vary between 2% and 6%. This column takes a different position on the target and leeway. It argues ...
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Gurbachan Singh
31 January, 2014
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Changing dynamics of the Indian gold market
The demand for gold and its import have been on the rise in India, despite rising gold prices. The RBI has responded by introducing various measures to curb the demand for gold and gold loans. This co...
13 January, 2014
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India's unique crisis - a short term fix
While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In thei...
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Devesh Kapur
Arvind Subramanian
20 December, 2013
- Perspectives