Template-Type: ReDIF-Article 1.0 
Author-Name: Pabitra Kumar Jena
Author-Name:  Raghav Sharma
Author-Name:  Tania Dehury
Author-Name:  Sasmita Nayak
Author-Email:  pabitrakumarjena@gmail.com
Author-Workplace-Name:  School of Economics, Shri Mata Vaishno Devi University, Katra, India
Title: Impact of Monetary Policy Transmission on the Demographic in India - A Structural VAR Approach
Abstract:  This study explores the relationship between monetary policy instruments and India’s demographic structure, to understand how these instruments interact with the population composition. To trace the relationship, this study has considered annual data from 1993-2018. Using the structural vector autoregression (VAR) with restrictions and considering various macroeconomic variables, the study shows a significant relationship between the monetary policy variable represented by the repo rate and the demographic structure represented by the working-age population. Overall, the study concludes that demographic shifts affect monetary policy effectiveness.
Classification-JEL:  E02 ,E52 ,G280 ,E310
Keywords:  Monetary policy, Transmission, Structural VAR, Demographic
Journal:  Asian Economics Letters
Pages: 1-5
Volume: 4
Issue: 3
Year:  2024
DOI:  2024/07/01
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/77815-impact-of-monetary-policy-transmission-on-the-demographic-in-india-a-structural-var-approach.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:109