It takes the average reader and 44 minutes to read Alternative Monetary Policy Rules for India by Muneesh Kapur
Assuming a reading speed of 250 words per minute. Learn more
This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of both rules and their hybrid version - setting a nominal output growth objective for monetary policy with an interest rate instrument - outperform contemporaneous and backward-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and discretion.
Alternative Monetary Policy Rules for India by Muneesh Kapur is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Alternative Monetary Policy Rules for India aloud.
Alternative Monetary Policy Rules for India is suitable for students ages 8 and up.
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