..........Even as Reserve Bank of India (RBI) Governor Duvvuri Subbarao called for greater central bank independence in the context of expanded mandates “and their more explicit pursuit of real sector targets such as growth and unemployment,” Stiglitz threw cold water on the idea, reports The Times of India. He said the RBI, with more limited autonomy, had fared much better than those with more autonomy, including the US Fed..........
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