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LIST OF TABLES
Table No. Page No
Table 1.1: Monetary transmission mechanism in developing country ... 5-4
Table 4.1: Growth Rate of Real GVA ...39
Table 4.2: Inflation rate (GVA Deflator) and Inflation gap ...41
Table 4.3: Potential output and Output gap ...44
Table 4.4: Call Money rate ...47
Table 4.5: Growth Rate of Reserve Money Growth and Velocity ...49
Table 5.1: ADF Test at Level ...55
Table 5.2: ADF Test at First Difference ...56
Table 5.3: Johansson Co-integration Test- Trace statistics ...57
Table 5.4: Johansson Co-integration Test- Max statistics ...57
Table 5.5: Taylor rule in closed economy ...58
Table 5.6: Taylor rule in open economy ...58
Table 5.7: McCallum rule in closed economy ...59
Table 5.8: McCallum rule in open economy ...60
Table 5.9: Hybrid McCallum-Taylor rule in closed Economy (Dependent variable: Call Money Rate) ...61
Table 5.10: Hybrid McCallum-Taylor rule in open Economy (Dependent variable: Call Money Rate) ...61
Table 5.11: Hybrid McCallum-Taylor rule in closed Economy (Dependent variable: Reserve Money) ...62
Table 5.12: Hybrid McCallum-Taylor rule in closed Economy (Dependent variable: Reserve Money) ...63