FISCAL CONSOLIDATION BUDGET DE

1. Auflage 2020
ISBN: 978-93-5388-049-1
Verlag: SAGE PUBN

Buch, Englisch, 220 Seiten, Format (B × H): 140 mm x 216 mm

An in-depth analysis set in the context of the ongoing debate on fiscal policy vis-à-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.

Autoren/Hrsg.

Chakraborty, Lekha S

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung

Inhaltsverzeichnis

Preface
Acknowledgements
Introduction
Fiscal Deficit and Macroeconomic Activity of Central and Subnational Governments
Fiscal Deficit, Capital Formation and Crowding Out
Deficit–Interest Rate Link and Financial Markets
Monetary–Fiscal Policy Coordination: Fiscal Rules and Testing for Monetary Seigniorage
Fiscal Seigniorage: Composition of Deficits
Fiscal Deficit and Seigniorage Link: Monetary Policy Regimes and Empirical Analysis
Fiscal Deficit and Inflation
Policy Takeaways: The Revival of Fiscal Activism
Bibliography
Index

Über Autor(innen)

Chakraborty, Lekha S
Lekha S. Chakraborty is an Associate Professor at National Institute of Public Finance and Policy, New Delhi, and a Research Associate at Levy Economics Institute of Bard College, New York. She has received a number of awards, including Shastri Indo-Canadian Institute (SICI) fellowship from the Department of Foreign Affairs and Trade, Canada, and the national (best) thesis award from Indian Institute of Science (IISc), Bangalore. She worked for International Monetary Fund (IMF), World Bank, United Nations Development Programme (UNDP), UN Women and the Commonwealth Secretariat on short stints. She was also Visiting Professor at Carleton University (Canada) and University of Utah (USA). Dr Chakraborty’s cross-country work experiences encompass Canada, Morocco, The Philippines, South Africa, Mexico, India and Sri Lanka. She received PhD from the Centre for Development Studies, Thiruvananthapuram, Kerala, where she had also worked as an Associate Professor for one year. She has published extensively in national and international journals on macroeconomics of public finance and human development.