RBI research examines debt management conflict of interest

reserve-bank-of-india-pic-2

A working paper published by the Reserve Bank of India today (July 26) assesses whether the central bank's pursuit of both monetary and debt management objectives is damaging to the bank's price stability mandate.

The authors, Sunil Kumar and Rajendra Kumar, use monthly economic data from 2004–11 and quarterly data from first-quarter 2000 to fourth-quarter 2011 to produce a regression of inflation, the output gap and government borrowing on the central bank policy rate. The paper finds that the

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: