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This paper investigates the time-varying effects of monetary policy on aggregate, sectoral, and disaggregate inflation … in India from 1997 to 2017 using a large dataset of 439 variables. We find that the effectiveness of a contractionary … monetary policy in controlling aggregate inflation has improved over time. This improvement in the policy's effectiveness can …
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This paper examines the operation of credit channel of monetary policy transmission in India during the post …
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