ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Rajan's Target: Inflation or the Poor?

Inflation targeting is intended to protect the poor, but it does not work that way.

Rohit writes:

Reserve Bank of India (RBI) Governor Raghuram Rajan said that Parliament should set inflation targets for the central bank to follow. On the face of it, this looks like the RBI is trying to hold itself accountable to the elected representatives of the people, especially where the interests of the poor are concerned. But is that really so?

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