Less than a year back, a former chief executive of Mastercard, Ajay Banga, was in…
Off-target on Monetary Policy C.P. Chandrasekhar
The Urjit Patel recommendations for RBI to pursue the single objective of inflation targeting via interest rate control follows textbook Neo Keynesian model that belie recent experiences.
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(This article was originally published in the Economic and Political Weekly, March 1, 2014, vol xlIX no 9.)