Asymmetric Impact of Monetary Policy on 10-Year G-Sec Yield in India (Record no. 134633)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01856nas a2200241Ia 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241128c99999999xx |||||||||||| ||und|| |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER | |
| International Standard Serial Number | 2364-1045 |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Sood, Saksham |
| 9 (RLIN) | 123930 |
| 245 #0 - TITLE STATEMENT | |
| Title | Asymmetric Impact of Monetary Policy on 10-Year G-Sec Yield in India |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Name of publisher, distributor, etc. | Journal of Quantitative Economics |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2024 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 615-629 |
| 520 ## - SUMMARY, ETC. | |
| Abstract | This paper examines the asymmetric impact of monetary policy on central government’s 10-year g-sec yield using a non-linear autoregressive distributed lag model for the period Q1:2001–02 to Q4:2019–20. We find that monetary policy transmission to 10-year g-sec yield is partial and asymmetric in the long-run. A percentage point increase in the weighted average overnight call money rate (WACR) is, on an average, associated with 36–37 basis points rise in g-sec yield, whereas a percentage point fall in WACR leads to decrease in g-sec yield by 29–30 basis points. In the short-run, the asymmetric impact of WACR on the g-sec yield, though less conclusive, ranges between 18 and 20 basis points when WACR increases and 14–18 basis points when WACR decreases. The model includes market borrowings, GDP growth, crude oil price / inflation and yield on 10-year US government bonds as control variables. Our findings bear implications for monetary policy transmission to the real economy as well as for the market borrowing decisions of the fiscal authorities. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | GDP Growth |
| 9 (RLIN) | 123931 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Government Securities |
| 9 (RLIN) | 123932 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Non-linear ARDL Model |
| 9 (RLIN) | 123933 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Yield |
| 9 (RLIN) | 123934 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Monetary Policy |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Behera, Samir Ranjan |
| 9 (RLIN) | 120219 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Rath, Deba Prasad |
| 9 (RLIN) | 120220 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Seth, Bichitrananda |
| 9 (RLIN) | 123935 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://doi.org/10.1007/s40953-024-00395-w">https://doi.org/10.1007/s40953-024-00395-w</a> |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha biblionumber | 134633 |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Date acquired | Serial Enumeration / chronology | Total Checkouts | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr VKRV Rao Library | Dr VKRV Rao Library | 28/11/2024 | Vol. 22, No. 3 | AI891 | 28/11/2024 | 28/11/2024 | Article Index |