Dholakia, Ravindra H.; Chander, Jai; Padhi, Ipsita; … - 2021
Threshold inflation that maximizes long-term growth in an economy is dependent on fiscal deficit (FD) and current … account deficit (CAD). Since the existing empirical literature on threshold inflation lacks a robust theoretical framework …, the present study considers the theory developed by Dholakia (2020) to estimate threshold inflation that maximizes steady …