Monetary Policy in India
A Modern Macroeconomic Perspective

Editors: Chetan Ghate, Kenneth M. Kletzer



Undertakes a rigorous evaluation of Indian monetary policy using modern macroeconomic research

Offers insights into monetary economics in a major emerging market economy and shows how financial market imperfections influence the effects of monetary policy

Includes articles by leading academics and practitioners working in the field of monetary theory and policy

This book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant attention from Indian and international macroeconomists over the last several years. Interest in how monetary policy influences economic performance and how monetary policy is conducted in India is growing. The prospects for further financial sector reform and ongoing inflation in India have sparked new interest in the role of money and monetary policy in India among economists, policy makers and students alike.  The book should also interest economists outside India because it studies monetary economics in a major emerging market economy and makes advances in the analysis of how financial market imperfections and structural constraints influence the effects of monetary policy.

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