India’s me-too monetarism

.....Instead of the discipline of rule-based policy that Christensen would like to see, India seems to be indulging in a kind of me-too monetarism that may be overly loose. It will be interesting to watch how RBI policy evolves during the course of the year. In the meantime, Christensen is promising to write more about Indian monetary policy — and that is a good thing........

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