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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...
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This paper examines the behavior of quarterly inflation in India since 1994, both headline inflation and core inflation … headline inflation feed into expected inflation and future core inflation. Several aspects of India's inflation process are …
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