Ansari, Mohammed I.; Gang, Ira N. - 1999
In this paper we assess the impact of external economic liberalization in India on the transmission of aggregate shocks …'s liberalization policy: 1) under intermittency (or fits and starts') the transmission of aggregate shocks in the post-reform period is … compared with two pre-reform periods; and 2) under gradualism the transmission of aggregate shocks over three consecutive …