01780cas a2200253 a 4500 AALejournalIMF001021 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854152 1018-5941 BD-DhAAL BD-DhAAL Callen, Tim. Modeling and Forecasting Inflation in India / Tim Callen, Dongkoo Chang. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Reserve Bank of India (RBI) has moved away from a broad money target toward a 'multiple indicators' approach to the conduct of monetary policy. In adopting such a framework, it is necessary to know which of the many potential indicators provide the most reliable and timely information on future developments in the target variable(s). This paper assesses which indicators provide the most useful information about future inflationary trends. It concludes that while the broad money target has been de-emphasized, developments in the monetary aggregates remain an important indicator of future inflation. The exchange rate and import prices are also relevant, particularly for inflation in the manufacturing sector. Mode of access: Internet Chang, Dongkoo. IMF Working Papers; Working Paper ; No. 1999/119 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/119/001.1999.issue-119-en.xml IMF e-Library