Unpacking the black box: Heterogeneous impact of monetary policy shocks on sectoral output in INDIA (Record no. 533191)

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fixed length control field 01306nam a22001337a 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 260429b ||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Kumar, Rahul and Tripati Rao, D.
245 ## - TITLE STATEMENT
Title Unpacking the black box: Heterogeneous impact of monetary policy shocks on sectoral output in INDIA
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Economic & Political Weekly
300 ## - PHYSICAL DESCRIPTION
Extent 61(12), Mar 21, 2026: p.53-63
520 ## - SUMMARY, ETC.
Summary, etc The time-varying response of aggregate and sectoral output to monetary policy shocks is examined using a time-varying parameter vector autoregression model. The findings indicate that while most sectors respond to monetary policy through multiple monetary transmission channels, the magnitude and direction of impulse responses vary across time and economic conditions. Construction and manufacturing emerge as the most interest-sensitive sectors. The exchange rate and asset price channels exert relatively stronger sectoral efforts during periods of normal economic outlook. Given the redistributive implications of monetary policy, the effectiveness of the inflation targeting regime may require complementary income-supportive fiscal coordination. –Reproduced

https://www.epw.in/journal/2026/12/special-articles/unpacking-black-box.html
773 ## - HOST ITEM ENTRY
Main entry heading Economic & Political Weekly
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2026-04-29 61(12), Mar 21, 2026: p.53-63 AR138703 2026-04-29 Articles

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