Hutchison, Michael; Sengupta, Rajeswari; Singh, Nirvikar - Volkswirtschaftliche Fakultät, … - 2010
We investigate whether the seemingly discretionary and flexible approach of India’s central bank, the Reserve Bank of … India (RBI), can in practice be described by a Taylor-type rule. We estimate an exchange rate-augmented Taylor rule for … India over the period 1980Q1 to 2008Q4, allowing for potential structural shifts between the pre- and post …