Quelle efficacité de la politique monétaire en Inde ?

Abdenor Brahmi and Kavdamane Etoile

Revue d'économie financière, 2012, vol. N° 107, issue 3, 137-152

Abstract: The resurgence of inflation in India since 2009 leads us to examine the steps taken by the Reserve Bank of India, its priorities and objectives. These are multiple: monetary stability and economic growth, but also exchange rate management. The paper assesses the recent activity of the central bank as well as the results from the point of view of its objectives. A restrictive monetary policy has no doubt curtailed activity but, in so doing, has enabled it to check an inflationary spiral from building. Nonetheless, structural economic reforms are necessary so that monetary policy can effectively meet the given objectives. Classification JEL: E58, O53.

JEL-codes: E58 O53 (search for similar items in EconPapers)
Date: 2012
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