Purpose – Indian monetary policy performed reasonably well in the past, while both strategy and operational framework were evolving on a par with domestic financial and monetary markets. The purpose of this paper is to document how this good track record came to an abrupt stop in recent years...

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...

The empirical literature on identification and measurement of the impact of monetary policy shocks on the real side of the economy is fairly comprehensive for developed economies, but very limited for emerging and transition economies. In this study, we propose an identification scheme for a...

This paper re-emphasizes the importance of price stability as a tool for macroeconomic policy and make it more specific by considering a typically (unanticipated) advantage of stabilizing the Consumer Price Index (CPI). I briefly review the recent economic growth performance of the Indian...

This paper evaluates the case for inflation targeting (IT) in India. It states the objectives of monetary policy in India and argues that, with widespread poverty still present, inflation control cannot be an exclusive concern of monetary policy. The rationale for IT is spelt out and found to be...

Examines the role of skills in cluster development and how skills development can facilitate cluster development, in particular in developing countries.

Examines procedures and practices adopted during the decommissioning, demolition and disposal of obsolete ships, focusing on occupational safety and health issues and environmental aspects. Reviews existing legal and regulatory tools, assesses previous work undertaken by concerned agencies and...

The causality between energy consumption and real income in developed countries has been a very vital research topic in recent years. Raising concerns about climate change and global warming increase the pressure on policy makers to take action against energy depletion. Unfortunately these...