Buiter, Willem H.; Patel, Urjit R. - C.E.P.R. Discussion Papers - 2010
, considers India’s experience with fiscal (responsibility) rules during the past decade. After reviewing the basic facts … concerning public debt and deficits in India, the background and basic arithmetic of the Fiscal Responsibility and Budget … Management Act, 2003 (FRBMA) are presented and commented upon. With the very small number of data points at our disposal, no …