TY  - BOOK
AU  - Chakraborty, Lekha S.
TI  - Fiscal consolidation, budget deficits and the macro economy
SN  - 9789351509899
U1  - 339.520954 
PY  - 2016///
CY  - New Delhi
PB  - Sage Publications India Pvt. Ltd.
N1  - Preface    Acknowledgements    Introduction    Fiscal Deficit and Macroeconomic Activity of Central and Subnational Governments    Fiscal Deficit, Capital Formation and Crowding Out    Deficit–Interest Rate Link and Financial Markets    Monetary–Fiscal Policy Coordination: Fiscal Rules and Testing for Monetary Seigniorage    Fiscal Seigniorage: Composition of Deficits    Fiscal Deficit and Seigniorage Link: Monetary Policy Regimes and Empirical Analysis    Fiscal Deficit and Inflation    Policy Takeaways: The Revival of Fiscal Activism    Bibliography    Index
N2  - An in-depth analysis set in the context of the ongoing debate on fiscal policy vis-à-vis monetary policy

Is fiscal deficit detrimental to growth rate? Does it create macroeconomic imbalance? If so, is deficit containment a prerequisite for sustained reduction in inflation? Does fiscal deficit crowd out private investment and, if so, to what extent? Does fiscal deficit affect rate of interest?

This book analyses such debates and impacts of fiscal deficit in India, empirically, through macro econometric exercise.  Filling an existing gap, it revisits the debate on the macroeconomic effects of deficit by taking India as a case study based on a long-time series analysis from 1980–81 to 2012–13.
ER  -