A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes … with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation is inertial and … persistent when it sets in, irrespective of the source. Exchange rate pass-through to domestic inflation is low. Inflation turns …

banks with different ownerships. In this paper, using bank-level data from India, we examine this issue and also test …. Our results from India are preliminary and further studies are needed to see whether our findings can be generalized to …

banks with different ownerships. In this paper, using bank-level data from India, we examine this issue and also test …. Our results from India are preliminary and further studies are needed to see whether our findings can be generalized to …

This paper examines monetary transmission mechanism for India in the context of a small macro model using quarterly … inflation as well as non-agricultural growth and non-food manufactured products inflation, i.e., components stripped of the … with a lag of 2 quarters and that on non-food manufactured products inflation is 25 bps with a lag of 5 quarters. Therefore …

This paper examines the operation of credit channel of monetary policy transmission in India during the post …

attempts to empirically examine the nature and strength of monetary policy influence on inflation and real activity in India … Bank of India adopted ‘multiple indicator approach' in the conduct of monetary policy since April 1998, the present paper … monetary policy influence on inflation and real activity. The lag effect of monetary policy on inflation (about 18 months) was …

relationships in India. Consistent with our model, we find that the cross-sectional mean and dispersion of lending rates, which … inflation and output by about a third …

sample of bank dependent firms in India, we find that firms that enjoy an exclusive banking relationship are less susceptible …