Statistics in RBI’s Policy Making Conceptual and Empirical Issues (Inaugural address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 7th Statistics Day Conference of RBI, Mumbai on August 30, 2013)

Statistics in RBI’s Policy Making Conceptual and Empirical Issues (Inaugural address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 7th Statistics Day Conference of RBI, Mumbai on August 30, 2013) https://www.taxtmi.com/news?id=11643 Choice of an appropriate inflation metric is central to monetary policy calibration, with RBI historically using WPI while monitoring CPI series; statisticians must address divergence between indices, representativeness and coverage of new CPI data, transmission lags from wholesale to retail prices, and the potential analytical need for a producer price index. Reliable estimation of potential output and threshold inflation is essential for Taylor-type rules but is unobserved and model-dependent, requiring triangulation with real-time indicators. en-us Sat, 31 Aug 2013 16:08:04 +0530 Sat, 31 Aug 2013 16:08:04 +0530 TaxTMI RSS Generator Statistics in RBI’s Policy Making Conceptual and Empirical Issues (Inaugural address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 7th Statistics Day Conference of RBI, Mumbai on August 30, 2013) https://www.taxtmi.com/news?id=11643 Choice of an appropriate inflation metric is central to monetary policy calibration, with RBI historically using WPI while monitoring CPI series; statisticians must address divergence between indices, representativeness and coverage of new CPI data, transmission lags from wholesale to retail prices, and the potential analytical need for a producer price index. Reliable estimation of potential output and threshold inflation is essential for Taylor-type rules but is unobserved and model-dependent, requiring triangulation with real-time indicators. News - Sat, 31 Aug 2013 16:08:04 +0530 https://www.taxtmi.com/news?id=11643