India’s Fiscal Policy and Monetary Policy – are they complementary or competitive in nature?

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Acknowledgement: This paper was presented in the ‘International Accounting, Finance, Economics and Banking Conference’ organised by FLAME University, Pune in association with Indian Accounting Association Research Foundation on 17-18 December 2017. I am thankful to the reviewers for their inputs and comments for further developing my paper. Abstract Based on the available data, it is Read More …

Interest rate pass through in India: Bank Lending Channel

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Abstract This paper presents the latest evidence for monetary policy transmission in the form of interest rate pass through, from the perspective of the bank lending channel. With the help of the co-integration and error correction mechanism, it has been observed that there is partial pass through to commercial bank lending rates in the Indian Read More …