000			01108nam a22001457a 4500
999			_c521796 _d521796
008			230227b ||||| |||| 00| 0 eng d
100			_aPatnaik, Anuradha _936989
245			_aMonetary policy announcements of the reserve bank of India and the role of information shock
260			_aEconomic and Political Weekly
300			_a57(50), Dec, 10, 2022: p.38-46
520			_aInflation-targeting central banks supplement their monetary policy announcements with communication in the form of speeches and publication of text documents. The markets react to the surprise component of the rate action and the communication by the central bank. Thus, the monetary surprise derived from the reaction of markets, following a policy announcement, is agglutinated with the central bank information. The present paper attempts to identify and examine the efficacy of such an information shock in influencing the inflation expectations of households, interest rate expectations of agents, output and inflation.- Reproduced
773			_aEconomic and Political Weekly
906			_aMONETARY POLICY
942			_cAR