000			01681nas a2200217Ia 4500
008			240802c99999999xx |||||||||||| ||und||
022			_a2364-1045
100			_aManogna, R. L. _9120209
245		0	_aNexus of Monetary Policy and Productivity in an Emerging Economy: Supply-Side Transmission Evidence from India
260			_bJournal of Quantitative Economics
260			_c2024
300			_a45-61
520			_aMonetary policy and its transmissions have been debated by various schools of thought. The purpose of this paper is to empirically tests whether monetary policy has supply side effect influencing Indian economy's total factor productivity. This study uses ARDL model to ascertain the long run relationship between monetary policy proxies and total factor productivity (TFP). Cointegration tests reveal that total factor productivity has a relationship with all of the monetary policy proxies. The ARDL results reveal a negative relationship between TFP and some monetary policy proxies in the short run, but a positive effect in the long run. These results showcase the possible supply side transmission of monetary policy in India, which can help in determining an optimal policy so as to augment TFP, an important driver of economic growth. The study only focusses on the Indian economy and spillover effects of other Asian economies on India's TFP can also be examined.
650			_a ARDL _9120210
650			_a Cointegration _968627
650			_a Long-run Relationship _9120211
650			_a Total Factor Productivity _9120212
650			_aMonetary Policy
700			_a Desai, Deepali _9120213
856			_uhttps://doi.org/10.1007/s40953-023-00380-9
999			_c133663 _d133663