Off-target on Monetary Policy*
Feb 25th 2014, C.P. Chandrasekhar
The Urjit Patel recommendations for RBI to pursue the single objective of inflation targeting via interest rate control follows textbook Neo Keynesian model that belie recent experiences.

* This article was originally published in the Economic and Political Weekly, March 1, 2014, vol xlIX no 9
http://www.epw.in/system/files/pdf/2014_49/9/Offtarget_
on_Monetary_Policy.pdf


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