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Quelle efficacité de la politique monétaire en Inde ?

Author

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  • Abdenor Brahmi
  • Kavdamane Etoile

Abstract

The resurgence of inflation in India since 2009 leads us to examine the steps taken by the Reserve Bank of India, its priorities and objectives. These are multiple: monetary stability and economic growth, but also exchange rate management. The paper assesses the recent activity of the central bank as well as the results from the point of view of its objectives. A restrictive monetary policy has no doubt curtailed activity but, in so doing, has enabled it to check an inflationary spiral from building. Nonetheless, structural economic reforms are necessary so that monetary policy can effectively meet the given objectives. Classification JEL: E58, O53.

Suggested Citation

  • Abdenor Brahmi & Kavdamane Etoile, 2012. "Quelle efficacité de la politique monétaire en Inde ?," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 137-152.
    • Handle: RePEc:cai:refaef:ecofi_107_0137
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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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