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Karthik Narayan
Doctoral candidate in economics at Nuffield College and the Department of Economics, University of Oxford, researching monetary policy, macroeconomics and finance in developing countries; author of the paper discussed on the episode.
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Nov 6, 2025
• 49min
Karthik Narayan on Measuring the Effects of Unscheduled vs. Scheduled Monetary Policy Announcements
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Karthik Narayan, a doctoral candidate in economics at the University of Oxford, dives into the intricacies of monetary policy in India. He discusses the challenges of measuring the impact of scheduled versus unscheduled policy announcements on interest rates and inflation. Karthik explains how unexpected changes can complicate economic forecasting and the relevance of the Lucas Critique. He emphasizes the importance of credible monetary policy and suggests frequent reviews to improve outcomes, while also touching on the evolving landscape since India's economic liberalization.
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