Managing the Macroeconomy

1. Front Matter

   Pages i-xvii

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2. Macroeconomic Overview of the Indian Economy

   • Ramkishen S. Rajan, Venkataramana Yanamandra

   Pages 1-39

3. Effectiveness of Monetary Policy in India: The Interest Rate Pass-Through Channel

   • Ramkishen S. Rajan, Venkataramana Yanamandra

   Pages 40-73

4. Understanding Exchange Rate and Reserve Management in India

   • Ramkishen S. Rajan, Venkataramana Yanamandra

   Pages 74-109

5. Impact of Exchange Rate Pass-Through on Inflation in India

   • Ramkishen S. Rajan, Venkataramana Yanamandra

   Pages 110-136

6. Rupee Movements and India’s Trade Balance: Exploring the Existence of a J-Curve

   • Ramkishen S. Rajan, Venkataramana Yanamandra

   Pages 137-173

7. External Financing in India: Sources and Types of Foreign Direct Investment

   • Ramkishen S. Rajan, Venkataramana Yanamandra

   Pages 174-206

8. Back Matter

   Pages 207-210

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While offering many growth-enhancing opportunities, India's ever-increasing integration with the world economy has given rise to a host of new challenges in managing the economy. This book provides an up-to-date empirical assessment of some of India's crucial policy challenges pertaining to its monetary and external sector management.

• foreign direct investment
• growth
• Inflation
• macroeconomics
• monetary policy

“The book has covered the important macroeconomic policy issues with a strong conceptual framework, comprehensive literature survey, and robust empirical analysis. The book is strongly recommended for researchers, students, policy makers, practitioners, and analysts interested in India’s macroeconomic management–particularly monetary and external-sector management.” (R. K. Pattnaik, Journal of Economic Literature, Vol. 55 (1), March, 2017)

• George Mason University, USA

  Ramkishen S. Rajan

• National University of Singapore, Singapore

  Ramkishen S. Rajan

• The World Bank Group, USA

  Venkataramana Yanamandra

Ramkishen S. Rajan is Professor of International Economic Policy at the School of Policy, Government and International Affairs, George Mason University, USA. He is also Visiting Professor and Adjunct Senior Research Fellow at the Asia Competitiveness Institute based in Lee Kuan Yew School of Public Policy, National University of Singapore, Singapore.

Venkataramana Yanamandra graduated with a PhD in Public Policy from the School of Policy, Government and International Affairs, George Mason University, USA. She is currently employed as a consultant with the World Bank Group in Washington, DC, USA. Previously she was a researcher with the National Council of Applied Economic Research, New Delhi, India.

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