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Fiscal Consolidation, Budget Deficits and the Macro Economy (Hardcover)
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Fiscal Consolidation, Budget Deficits and the Macro Economy (Hardcover)
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An in-depth analysis set in the context of the ongoing debate on
fiscal policy vis-a-vis monetary policy Is fiscal deficit
detrimental to growth rate? Does it create macroeconomic imbalance?
If so, is deficit containment a prerequisite for sustained
reduction in inflation? Does fiscal deficit crowd out private
investment and, if so, to what extent? Does fiscal deficit affect
rate of interest? This book analyses such debates and impacts of
fiscal deficit in India, empirically, through macro econometric
exercise. Filling an existing gap, it revisits the debate on the
macroeconomic effects of deficit by taking India as a case study
based on a long-time series analysis from 1980-81 to 2012-13.
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