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The recent advent of the era of Inflation Targeting in India’s monetary policy is symbolic of a rule based approach to … and discrete, monetary policy arrangement proves to be inimical to India’s economic growth considering structural factors … approach driven by the need to target inflation makes this relationship all the more pertinent and consequential to India …
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The paper seeks to obtain an optimal asymmetric trimmed mean-based core inflation measure in the class of trimmed mean measures when the distribution of price changes is leptokurtic and skewed to the right for any given period. Several estimators based on asymmetric trimmed mean approach are...
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