Allow me to detail some of the most notable points in Dr Reddy’s life and work which commend him so strongly to us in this formal assembly today. His career in the past 43 years embraces service in India at state level in Andhra Pradesh and in national administration, finance, planning, monetary policy and public enterprise reforms.
Erceg and others (2018) find that even in conditions of substantial output gap uncertainty and uncertainty about the slope of the Phillips curve, a notable response to the estimated output gap in a Taylor-type rule is generally beneficial.