INTRODUCTION
Money supply is a matter of interest to Central Bankers as also economists. There are economists both inside and outside the Central Banks. Sometimes they agree, sometimes there is discord.
But nevertheless, from both the view points of academics and administration, the literatures of monetary economics and monetary policy cannot dispense one with another in the process of1. Defining and measuring money supply,
2. Examining the existing literature on money supply against Indian backdrop,
3. Ascertaining the mode of determination of money supply,
4. Examining the econometric tools in understanding the relationship between money, output and prices,
5. Detecting the endogeneity of money supply, and
6. Dealing with the emerging issues in forecasting money supply in the post crisis period.
2.
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