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This paper discusses the effects of budget deficits on the economy in four steps. First, it reviews standard theory about how budget deficits influence saving, investment, the trade balance, interest rates, exchange rates, and long-term growth. Second, it offers a rough estimate of the magnitude...
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fiscal forecasting errors for 28 states (except Telangana) in India for the period 2011–16. There is a heterogeneity in the … magnitude of errors across subnational governments in India. The forecast errors in revenue receipts have been greater than …
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fiscal forecasting errors for 28 states (except Telangana) in India for the period 2011-16. There is a heterogeneity in the … magnitude of errors across subnational governments in India. The forecast errors in revenue receipts have been greater than …
Persistent link: https://www.econbiz.de/10012252992
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The paper by Pattnaik, Prakash and Swarup Misra evaluates the sustainability of fiscal policy in India. It reviews the … fiscal rules in the context of the international debate. The paper also examines the fiscal situation in India, pointing to … the basis of different approaches. The paper notes that the cost of debt in India is lower than nominal GDP growth …
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