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government. Finally, the recommendations of the 13th Finance Commission regarding a roadmap for fiscal consolidation are examined …
Persistent link: https://www.econbiz.de/10012462717
The paper studies the solvency of the Indian public sector and the eventual monetization and inflation implied by stabilization of the debt-GNP ratio without any changes in the primary deficit. The nonstationarity of the discounted public debt suggests that indefinite continuation of the pattern...
Persistent link: https://www.econbiz.de/10012475748