forwarded by John B. Taylor

Chapter 1. Introduction -- Chapter 2. Challenges of Effective Monetary Policy in Emerging Economies -- Chapter 3. Monetary Transmission in Developing Countries: Evidence from India -- Chapter 4. Financial intermediation and monetary policy transmission in EMEs: What has changed post-2008 crisis? -- Chapter 5. Monetary Policy Transmission in the Presence of Goods and Labor Market Frictions: The Case of India -- Chapter 6. Financial Markets and Investment Finance in India -- Chapter 7. State intervention in banking: the relative health of Indian public sector and private sector banks -- Chapter 8. The Term Structure of Interest Rates in India -- Chapter 9. Liquidity Management and Monetary Policy in India: From Corridor Play to Marksmanship -- Chapter 10. Capital Flows and Capital Controls in India: Confronting the Challenges -- Chapter 11. Measuring Trend Inflation and Inflation Persistence for India -- Chapter 12. Exchange Rate Trends and Management in India -- Chapter 13. International Interdependence of the Indian Economy -- Chapter 14. What is Responsible for India's Sharp Disinflation ? -- Chapter 15. An Estimated DSGE Open Economic Model of the Indian Economy with Financial Frictions -- Chapter 16. Finance and Credit in a Model of Monetary Policy -- Chapter 17. Effect of Quantitative Easing on the Indian Economy: A Dynamic Stochastic General Equilibrium Perspective -- Chapter 18. The Past and Future of Inflation Targeting: Implications for Emerging-Market and Developing Economies -- Chapter 19. International Policy Coordination and Emerging Market Economies.

This book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant attention from Indian and international macroeconomists over the last several years. Interest in how monetary policy influences economic performance and how monetary policy is conducted in India is growing. The prospects for further financial sector reform and ongoing inflation in India have sparked new interest in the role of money and monetary policy in India among economists, policy makers and students alike. The book should also interest economists outside India because it studies monetary economics in a major emerging market economy and makes advances in the analysis of how financial market imperfections and structural constraints influence the effects of monetary policy.