inflation stabilization and balanced growth objectives. The challenge in meeting these objectives further increased in the mid …

preference (RAP) as well as inflation avoidance preference (IAP) is established. And it is found that RAP is dominant over IAP …, thus confirming nonlinearities in reaction function which in the present case turns out to be concave in inflation and … and negative inflation and output gap differ over long time horizons thus confirming asymmetric policy preferences …

of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly … focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations …

monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …

Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate … that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …

-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and …

stability/inflation management. This is done in two parts - the first examining the impact of fiscal policy on inflation, and …

connection that the inflation risks had become less pronounced, but that the risks of a more significant cooling of the economy … level. As a result, the inflation index in April 2015 amounted to 16.4% of its April 2014 level, thus having declined for …