Alternative Monetary Policy Rules for India

Working Paper No. 12/118

Nopic
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... READ MORE...

Publication date: May 2012
ISBN 9781475503470
$18.00

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Publication date: May 2012

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Publication date: May 2012

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