Abstract: This research presents a comprehensive analysis of the impact of key macroeconomic indicators, including 10-year Government Securities (10Y GSec) yields, 91-day Treasury Bill (TB) rates, interest rates, inflation, exchange rates, foreign reserves, gold prices, equity market indices (NSE Nifty), FDI, and Month-on-Month (MoM) basis returns, on interest rates, inflation, yields and vice-versa in India, using data from 2018 to 2023. The study employs multivariate correlation analysis to identify the relationships among these variables, revealing significant....
Keywords: Ordinary Least Squares (OLS), Heteroscedasticity-Corrected (HSC), Tobit, Logistic, Transformed First Difference (FD) OLS, Multivariate Correlation, Interest, Inflation, and Long-Term & Short-Term Bond Yields
[1]. Adrian, T., & Shin, H. S. (2010). Financial Intermediaries and Monetary Economics. In Handbook of Monetary Economics (Vol. 3, pp. 601–650). Elsevier.
[2]. Agarwal, P., & Moorthy, R. (2019). Equity market volatility and bond yields in emerging markets. Global Finance Journal, 42, 123-135.
[3]. Ahmed, S., & Zlate, A. (2020). Exchange rates and capital flows in emerging markets. Journal of International Economics, 125, 103-121.
[4]. Allison, P. D. (1999). Logistic regression using the SAS system: Theory and application. SAS Institute.
[5]. Allison, P. D. (2019). Logistic regression for time-dependent outcomes. Sociological Methods & Research, 48(4), 715-742.
[6]. Amemiya, T. (1984). Tobit models: A survey. Journal of Econometrics, 24(1-2), 3-61
