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Effectiveness of the monetary policy framework in present-day India : have financial variables functioned as useful policy indicators
https://doi.org/10.20561/00037924
https://doi.org/10.20561/0003792426265c77-d6b2-41b7-b2ad-1d9f15858ab4
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
本文 (104.5 kB)
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| Item type | アジ研テクニカルレポート / IDE Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2010-09-09 | |||||
| タイトル | ||||||
| タイトル | Effectiveness of the monetary policy framework in present-day India : have financial variables functioned as useful policy indicators | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
| 資源タイプ | technical report | |||||
| ID登録 | ||||||
| ID登録 | 10.20561/00037924 | |||||
| ID登録タイプ | JaLC | |||||
| 著者 |
Inoue, Takeshi
× Inoue, Takeshi |
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| 著者別名 | ||||||
| 井上, 武 | ||||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | In April 1998, the RBI, the Indian central bank, formally announced a shift in its policy framework from monetary targeting to a multiple indicator approach, and since then, under this framework, the bank has considered a range of economic and financial variables as policy indicators for drawing policy perspectives. This paper aims to examine the effectiveness of this current policy framework in India by analyzing the causal relationships of each indicator variable on the objective variables. The results reveal that, except for bank credit, all indicator variables considered in this study have a causal relationship with at least either output or price level, suggesting that most preannounced economic and financial variables have served as useful policy indicators under the multiple indicator approach. |
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| 権利 | ||||||
| 権利情報 | Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp | |||||
| 収録情報 |
IDE Discussion Paper en : IDE Discussion Paper 巻 242, 発行日 2010-07 |
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| 出版者 | ||||||
| 出版者 | Institute of Developing Economies (IDE-JETRO) | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 338 | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:E52 - Monetary Policy | |||||
| 地域/国名 | ||||||
| 位置情報（自由記述） | インド | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Causality | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | India | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | LA-VAR | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Policy Indicator | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | RBI | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Monetary policy | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Central bank | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| DIG_NO | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | IDP000242_001 | |||||
