https://www.taxtmi.com/news?id=4422 An interest rate increase contracts aggregate demand in India, peaking within two quarters and dissipating over about eight quarters; SVAR impulse responses and variance decompositions show policy rate shocks reduce GDP and, with a lag, inflation, induce REER depreciation, and explain a substantial share of output fluctuations, while investment and imports bear the largest declines and government consumption shows negligible cumulative effect. en-us Mon, 24 Dec 2012 18:19:19 +0530 Mon, 24 Dec 2012 18:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4422 An interest rate increase contracts aggregate demand in India, peaking within two quarters and dissipating over about eight quarters; SVAR impulse responses and variance decompositions show policy rate shocks reduce GDP and, with a lag, inflation, induce REER depreciation, and explain a substantial share of output fluctuations, while investment and imports bear the largest declines and government consumption shows negligible cumulative effect. News - Mon, 24 Dec 2012 18:19:19 +0530 https://www.taxtmi.com/news?id=4422