000			01781nam a22001817a 4500
999			_c2337 _d2337
005			20220302155534.0
008			220302b ||||| |||| 00| 0 eng d
020			_a9789351509899
082			_a339.520954 _bCHA
100			_aChakraborty, Lekha S. _95387
245			_aFiscal consolidation, budget deficits and the macro economy
260			_bSage Publications India Pvt. Ltd. _aNew Delhi _c2016
300			_axviii, 197 p.
365			_aINR _b825.00
504			_aPreface 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
520			_aAn 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.
942			_2ddc _cBK