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Some Aspects of Monetary Targeting in India

Author

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  • Sanghamitra Sahoo

    (Institute for Social and Economic Change)

  • B Kamaiah

Abstract

This study highlights the relevance of monetary targeting in India by looking at the stability of money demand function. Employing the co-integration techniques the study concludes that despite financial liberalisation that has been taking place in India, the money demand function has been found to be stable.

Suggested Citation

  • Sanghamitra Sahoo & B Kamaiah, 2000. "Some Aspects of Monetary Targeting in India," Working Papers 63, Institute for Social and Economic Change, Bangalore.
    • Handle: RePEc:sch:wpaper:63
    as

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    References listed on IDEAS

    as
    1. M. D. K. W. Foot, 1981. "Monetary Targets: Their Nature and Record in the Major Economies," Palgrave Macmillan Books, in: Brian Griffiths & Geoffrey E. Wood (ed.), Monetary Targets, chapter 1, pages 13-61, Palgrave Macmillan.
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    5. Carlstrom, Charles T. & Fuerst, Timothy S., 1995. "Interest rate rules vs. money growth rules a welfare comparison in a cash-in-advance economy," Journal of Monetary Economics, Elsevier, vol. 36(2), pages 247-267, November.
    6. von Hagen, Jurgen, 1999. "Money growth targeting by the Bundesbank," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 681-701, June.
    7. Friedman, Benjamin M, 1984. "Lessons from the 1979-82 Monetary Policy Experiment," American Economic Review, American Economic Association, vol. 74(2), pages 382-387, May.
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    Keywords

    Monetary Economics; Monetary Targeting;

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