Parida, Purna chandra; Mallick, Hrushikesh; … - Institute for Social and Economic Change (ISEC) - 2002
This paper examines the dynamic relationship between fiscal deficits, money supply, and price level in India during the period 1960-61 to 1999-2000. Using vector autoregression (VAR) econometric methodology, which allows variables to be treated as potentially endogenous, the study finds that...