Have the Monetary and Fiscal Policies been Effective in India?
This paper analyzes the impact of fiscal and monetary policies on output in India.The econometric evidence suggests that less than 5 per cent of the variation in output is explained by fiscal and monetary policies before the crisis in 1991. However, post-crisis data reveals the growing importance of both the macro-economic policies in explaining output variation. The paper discusses theoretical arguments, surveys prior studies and attempts to explain the reasons for the empirical results.
Year of publication: |
2003
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Authors: | Kulkarni, Kishore G. ; Saxena, Sweta C. |
Published in: |
Global Business Review. - International Management Institute. - Vol. 4.2003, 2, p. 229-237
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Publisher: |
International Management Institute |
Saved in:
Online Resource
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