taken by governments and central banks all over the world, the Government and the Reserve Bank of India took aggressive …

momentum. With a negative contribution of net exports to gross domestic product growth along with foreign exchange reserves …

. Year-on-year export growth plunged from a positive 22.7% in the third quarter of 2008 to a negative 7.75% in the fourth … quarter and remained negative for another four quarters, leading to a negative growth of GDP for five consecutive quarters …

situation is in a dangerous zone, this paper will show that the Domar condition is obtained only from the government budget … stability of a government's budget deficit. Both the interest rate and the growth rate of the economy are determined … endogenously in the model. Thirdly, this paper shows that Bohn's condition satisfies the stability of the government budget in the …

from the government budget constraint (namely the supply of government bonds) and does not take into account the demand for … stability of the government budget and the recovery of the economy. The paper's empirical findings from Japan demonstrate that … in order to achieve fiscal sustainability, both sides of the Japanese government budget (expenditure and revenue) must be …

budget deficit. Although the government has addressed this issue through a burden-sharing scheme with the Central Bank, the … monetary operation. Hence, if the role of the central bank is not isolated in macroeconomic analysis, the government budget is … household budget analogy by arguing that fiscal deficit is not evidence of overspending. Also, it is argued that the burden …

financial market and the foreign exchange market, closely coordinated responses by different government bodies, an extraordinary …