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C. K. Johri, India: Perspectives on Politics, Economy and Labour, 1918–2008 Volume 2: The Age of the Constitution, 1958–2007. Delhi: AAKAR Books, 2012, 743 pp. (ISBN: 978-93-5002-186-6 [HB])
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This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending...
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