Evolution of monetary policy approaches: A case study of Indian economy. Issue 1 (2nd June 2020)

• Record Type: Journal Article
• Authors: Adil, Masudul Hasan; Rajadhyaksha, Niranjan
• Is Part Of: Journal of public affairs. Volume 21:Issue 1(2021)
• Page Start: n/a
• Page End: n/a
• Publication Date: 2020-06-02
• Subjects: Public administration -- Periodicals; Public relations -- Periodicals; 351
• DOI: 10.1002/pa.2113
• Languages: English
• ISSNs: 1472-3891

Abstract

Abstract : The monetary policy framework of India has undergone several transformations reflecting underlying macroeconomic and financial conditions as also the dominant socio‐politico‐economic paradigm. The present study makes pertinent commentary notes on different monetary policy approaches, including, for instance, the era of development planning, the era of monetarism, the era of multiple indicator approach, and the era of inflation targeting in India along with their respective advantages and disadvantages.