RBI paper examines monetary policy transmission


A working paper, published by the Reserve Bank of India on June 27, studies monetary policy transmission in India and identifies a number of the most important channels.

Authors Jeevan Kumar Khundrakpam and Rajeev Jain use vector autoregressions to analyse the relationship between various factors and price stability and growth. The paper finds that the interest rate has the largest effect, accounting for half of the impact on growth and a third of the impact on inflation. The researchers also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: