overwhelmingly large. This finding is confirmed under different identification strategies for the monetary policy shock …

Monetary policy influences inflation dynamics by exerting impact on a diverse array of commodity prices. At high … importance of the commodity-price channel of monetary policy on domestic and international inflation at longer horizons (6 … accounts for 47% of the total effect of US monetary policy on US headline inflation, and 57% of the effect of US monetary …

This paper provides a Vector Auto-Regression (VAR) analysis of inflation and monetary policy. It identifies monetary … policy shocks in a benchmark recursive structure of VARs with two alternative inflation measures, viz., headline WPI and core … inflation measure. Unlike the results in case of WPI, the response of core prices declined swiftly, following a positive call …