An SVAR approach to evaluation of monetary policy in India: solution to the exchange rate puzzles in an open economy

DOI10.1007/S11079-016-9403-2MaRDI QIDQ2416232zbMATH OpenOpenAlexWikidataFDO

Authors William A. Barnett, Soumya Suvra Bhadury, Taniya Ghosh

Publication date 23 May 2019

Published in Open Economies Review (Search for Journal in Brave)

Full work available at URL http://www2.ku.edu/~kuwpaper/2015Papers/201503.pdf

zbMATH Keywords

divisia monetary aggregatesexchange rate overshootingexchange rate puzzleforward discount bias puzzleliquidity puzzlemonetary aggregatesmonetary policyprice puzzlestructural VAR

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Are the responses of the U.S. economy asymmetric to positive and negative money supply shocks?
• Economic monetary aggregates. An application of index number and aggregation theory
• Exact and superlative index numbers
• scientific article; zbMATH DE number 777596 (Why is no real title available?)
• On the output effects of monetary variability
• Real-time nowcasting of nominal GDP with structural breaks

Cited in

(6)

• Sequential control of a monetary policy model for India
• The use of the ARDL approach in estimating virtual exchange rates in India
• Solving the price puzzle with an alternative indicator of monetary policy
• Money and inflation in India: evidence from P-star model
• Asymmetries in the monetary policy reaction function: evidence from India
• Divisia monetary aggregates for India

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