Inflation Targeting in India : An Interim Assessment (English)

This paper provides an assessment of India’s inflation-targeting regime. It shows that the Reserve Bank of India is best characterized as a flexible inflation targeter: contrary to criticism, it does not neglect changes in the output gap when setting policy rates. The paper does not find that the Reserve Bank of India became more hawkish following the transition to inflation-targeting; to the contrary, adjusting for inflation and the output gap, policy...

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Author

Eichengreen,Barry J.;

Gupta,Poonam-000193453;

Choudhary,Rishabh;
Document Date
2020/10/05
Document Type
Policy Research Working Paper
Report Number
WPS9422
Volume No
1
Total Volume(s)
1
Country
India,
Region
South Asia,
Disclosure Date
2020/10/05
Disclosure Status
Disclosed
Doc Name
Inflation Targeting in India : An Interim Assessment
Keywords
inflation

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Citation

Eichengreen,Barry J.; Gupta,Poonam-000193453; Choudhary,Rishabh.

Inflation Targeting in India : An Interim Assessment (English). COVID-19 (Coronavirus)|Policy Research working paper|no. WPS 9422 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/480251601919547142

Inflation Targeting in India : An Interim Assessment (English)

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