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This paper applies Varian's(1982,1983) non-parametric tests to obtain weakly separable monetary assets for aggregation. Using annual data (1970-1996) it was found that the official monetary aggregates M2, M3 and M4 are theoretically admissible. Some new separable groups were also obtained in the...
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stability demand for money in India and relationship among M3 (Broad money), income level (Y), interest rate (call money) and … 4 also significant which explains the same things like equation 2. The Reserve Bank of India can potentially use M3 …
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The dynamics of the monetary system is undergoing significant changes in India. The entire concept and flow of money …
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, price, and output in India using simultaneous equations system keeping in view the issue of endogeneity …
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In India, the pace of financial innovation was relatively slow until the initiation of the financial liberalization … subaggregates we construct an overall aggregate of financial savings in India …
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The recent advent of the era of Inflation Targeting in India’s monetary policy is symbolic of a rule based approach to … and discrete, monetary policy arrangement proves to be inimical to India’s economic growth considering structural factors … approach driven by the need to target inflation makes this relationship all the more pertinent and consequential to India …
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standard datasets, the census of manufacturing firms in India and Slovenia, and find capital coefficients that are, on average …
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