Goyal, Ashima; Kumar, Abhishek - In: Journal of Economic Studies 45 (2018) 1, pp. 27-45
Purpose: The purpose of this paper is to estimate the relationship between the current account (CA) and fiscal deficit (FD), and the real exchange rate for India, for the managed float period 1996 Q2 to 2015 Q4, after controlling for output growth and oil shocks. It also examines the...