Arbeitspapier
Monetary regime switches in India: Policy or structure?
We use a Markov switching model to estimate a time-varying Taylor-type rule for Indian monetary policy conduct. This empirical approach is consistent with statements of Indian monetary policy decision-makers. We find that the conduct of monetary policy over approximately the last two decades can be characterized by two regimes, which we term hawk and dove. In the first of these, policy making reveals a greater relative weight on checking inflation vis-à-vis narrowing the output gap.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 10-05
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Hutchison, Michael M.
Sengupta, Rajeswari
Singh, Nirvikar
- Event
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Veröffentlichung
- (who)
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University of California, Santa Cruz Institute for International Economics (SCIIE)
- (where)
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Santa Cruz, CA
- (when)
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2010
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hutchison, Michael M.
- Sengupta, Rajeswari
- Singh, Nirvikar
- University of California, Santa Cruz Institute for International Economics (SCIIE)
Time of origin
- 2010
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