Retail inflation has been in double-digit for nearly a decad

Reference no: EM13715530

"Retail inflation has been in double-digit for nearly a decade, therefore, it is reasonable to argue that the monetary policy in India should continue to have a tight bias-at least for some more time till the cyclical effects even out." The Case for Tight Monetary Policyby Vidya Mahambare, LiveMint November 10, 2014 Discuss if the argument holds water in the light of the monetary inter-temporal model you studied.

Reference no: EM13715530

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