Series: IMF Working Papers
Author(s): Muneesh Kapur , and Rakesh Mohan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 April 2014
Keywords: Exchange Rate, Growth, Oil Demand, Savings, inflation, financial stability, real interest rate, real interest rates, Monetary Policy (Targets, Instruments
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and...