India’s me-too monetarism

Looser monetary policy may be the right response for the eurozone and Japan, but that doesn’t mean India should follow suit.
<div style="text-align: left;"> RBI's printing press at Mysore </div>
<div style="text-align: left;"> RBI's printing press at Mysore </div>
February 07, 2013

India started to loosen monetary policy again last week. Many welcomed the move, but some of the strongest advocates of unorthodox monetary policy are asking if the Reserve Bank of India might be going in the wrong direction.

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