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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 10-05
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hutchison, Michael M.
Sengupta, Rajeswari
Singh, Nirvikar
- Ereignis
-
Veröffentlichung
- (wer)
-
University of California, Santa Cruz Institute for International Economics (SCIIE)
- (wo)
-
Santa Cruz, CA
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hutchison, Michael M.
- Sengupta, Rajeswari
- Singh, Nirvikar
- University of California, Santa Cruz Institute for International Economics (SCIIE)
Entstanden
- 2010
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