Mishra, Ankita; Mishra, Vinod - In: Economic Modelling 29 (2012) 4, pp. 1053-1063
This study formulates a small open economy model for India with exchange rate as a prominent channel of monetary policy. The model is estimated using the Instrumental Variable-Generalized Methods of Moments (IV-GMM) estimator and evaluated through simulations. This study compares different cases...