large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by … the RBI's sterilizing these inflows and accumulating large reserves, even in the face of low inflation. We offer a …

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this … policy does not necessarily help to reduce inflation and certainly does not stimulate economic growth. …