SAHOO, SATYANANDA; BHATTACHARYYA, INDRANIL - In: Indian Economic Review 47 (2012) 2, pp. 157-182
We examine the interactions between monetary policy and the term structure of the g-sec market in India through a SVAR model comprising macroeconomic variables and latent factors of the yield curve. Among macroeconomic factors, while monetary policy has the dominant impact on level and...