Household India: Monetary Policy to Household Consumption

This study employs high-frequency household panel data, sentiment indices, and exogenous monetary policy shocks to identify a key behavioral channel in the transmission mechanism. The data is sourced from the CPHS, a private subscription-based database, and has been uploaded here solely for the purpose of replicating our analysis in the paper titled “When Optimism Shields and Pessimism Amplifies: Sentiment-Driven Transmission of Monetary Policy to Household Consumption in India.” Please note that the dataset must not be used for any purpose other than replication of this study.