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This paper provides an assessment of India's inflation-targeting regime. It shows that the Reserve Bank of India is … best characterized as a flexible inflation targeter: contrary to criticism, it does not neglect changes in the output gap … when setting policy rates. The paper does not find that the Reserve Bank of India became more hawkish following the …
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"The economic benefits of debt relief for recipient countries have been the subject of arduous debate, at least partly motivated by the difficulty of identifying the causal effect of debt relief on economic performance-given that performance itself may drive the decision to grant relief. This...
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