...Simplice A. Asongu Purpose – The purpose of this paper is to examine the effects of monetary policy on economic activity using a plethora of hitherto unemployed financial dynamics in inflation-chaotic African countries for the period of 1987-2010.Although in developed economies, changes...

... with micro‐econometric evidence. Many of the other issues are discussed in an excellent recent review (Fernandez‐Villaverde, 2009). India Inflation Interest rates Financial modelling Monetary policy Emerging economies Structured uncertainty Dynamic stochastic general equilibrium models...

.... Findings The estimated time paths of the reaction function coefficients suggest gradual changes in the rule coefficients. It has been found that while better monetary policy and structural change have played a non‐trivial role, good luck and exchange rate regime have played a major role in the moderation...

...Riccardo Cristadoro; Giovanni Veronese Purpose Indian monetary policy performed reasonably well in the past, while both strategy and operational framework were evolving on par with domestic financial and monetary markets. The purpose of this paper is to document how this good track record came...

... is not totally voluntary [7] . Resources must be used to generate tax revenues. Satya P. Das can be contacted at: das@isid.ac.in © Emerald Group Publishing Limited 2011 Political economy Economic growth Economic development Fiscal policy Monetary policy Taxes Since the mid‐1980s...

...Vivek Moorthy; Shrikant Kolhar Purpose The purpose of this paper is to analyse the implications of sharply rising food prices for monetary policy in India and similar emerging economies at present. Design/methodology/approach This paper uses analytical arguments from relevant macroeconomic...

... a durable agency of restraint. This claim is very central to the success of any monetary union, since successful application of a uniform monetary policy requires that inflation in the member countries quickly converges to its long‐run equilibrium. Can inflation convergence be achieved in the absence...

...Tony Cavoli; Ramkishen S. Rajan Purpose The purpose of this paper is to explore whether India is a suitable candidate for an inflation targeting regime. It begins by placing India's monetary policy actions in a broader context by discussing whether the Reserve Bank of India (RBI) should shift from...