Note ban impact was transient, says RBI staff paper

The paper's conclusion, the authors warned, was not necessarily the official view of the RBI

A research paper by the staff at the Reserve Bank of India (RBI) has found that the impact of demonetisation on the real economy has been transient, “given the information available so far.”
 
The paper, Macroeconomic Impact of Demonetisation — A Preliminary Assessment, was prepared by the staff of the monetary policy department with contributions from other departments. The conclusion of the paper, the authors warned, was not necessarily the official view of the central bank.
 
However, the same view has been expressed by the Reserve Bank in its monetary policy document as well. Besides, RBI Governor Urjit