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Qualitative and Quantitative Central Bank Communications and Professional Forecasts: Evidence from India

Author: Ashima Goyal and Prashant Parab Title: Qualitative and Quantitative Central Bank Communications and Professional Forecasts: Evidence from India Abstract: We analyze the influence of qualitative and quantitative communications of the Reserve Bank of India on inflation expectations of professional forecasters, and draw out implications for the impact of policy variables on expectations. […]

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Effectiveness of Expectations Channel of Monetary Policy Transmission: Evidence from India

Author: Ashima Goyal and Prashant Parab Title: Effectiveness of Expectations Channel of Monetary Policy Transmission: Evidence from India Abstract: We examine the efficacy of expectations channel of monetary policy transmission in India using survey-based expectations of households and professional forecasters in a Structural Vector Auto Regression (SVAR) framework. To analyse […]

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