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Fiscal dominance in India: Through the windshield and the rearview mirror
Theoretical works have pointed at the potentially damaging impacts of fiscal dominance, i.e. fiscal authority’s profligacy being accommodated by the monetary authority. Recent scholarship have highlighted to the contrary the arguably positive effects of such accommodation under certain circumstances. Ergo, a surgical snipping of the cord of joint working of monetary and ...EXPLORING THE CONVERGENCE PUZZLE IN INDIA: Combining neoclassical and...
The study of economic growth across countries is highly rewarding. Understanding the varied patterns of growth across countries is crucial because disparities in growth rates have, in due course of time, led to gaps in living standards and ‘welfare’. The Economic Survey 2016-17 (2017)conducts an empirical exercise for the ß-convergence for i) ...