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RBI amends India’s criticized inflation-forecasting model

RBI amends India’s criticized inflation-forecasting model

Dubbed as the Quarterly Projection Model 2.0, the RBI’s economists describe the framework as a forward-looking, open economy, calibrated, new-Keynesian gap model. The previous version had often been criticized for over-estimating upside risks to inflation.


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7 April 2021, 19:29