Variables

GMM

Lag Inflation Rate

0.458***

(0.0284)

FII

−4.666***

(0.884)

Interest Rate

0.442***

(0.0304)

Foreign Exchange Rate

3.61e−05

(2.23e−05)

Broad Money

−0.00937

(0.00818)

Foreign Reserves

0.0134***

(0.00146)

Constant

0.535

(0.404)

Observations

333

Groups/Instruments

37

Year Dummies

Yes

AR(2) test

0.154

Hansen test

0.994