IndiaConventionally, the policymakers relied on three policy alternatives to manage business cycles - debt-financed government spending, debt-financed tax rebate and interest rate. While the first two are fiscal policy instruments, the latter is a monetary policy instrument. This paper aims to capture...
Fiscal policy is the way governments take in revenue through taxes and spends it on different public services. Browse Investopedia’s expert-written library to learn more.
Explore research and insights for the fiscal and monetary policy sector.Featured Foreign reserves to the rescue for Asian currencies As Asian economies come up against sharp monetary tightening in the West, they have turned to their foreign reserves to bolster currencies Article • 7-min read ...
Monetary policy makers in India (RBI) argue that high deficit will adversely affect growth and hence requires control. But fiscal policy makers (Ministry of Finance) argue that government spending will promote growth. Hence, there exists a puzzle about how fiscal deficit is affecting GDP in India...
Monetary and Fiscal Policy in a DSGE Model of India We develop a optimal rules-based interpretation of the 'three pillars macroeconomic policy framework': a combination of a freely floating exchange rate, an... P Levine,J Pearlman - 《Working Papers》 被引量: 3发表: 2011年 加载更多来源...
The Role of Fiscal and Monetary Policies in Sustaining Growth With Stability in India* The performance of the Indian economy in recent years has attracted increasing international interest. This paper focuses on the role of fiscal and monetar... R Mohan - 《Asian Economic Policy Review》 被引...
Global Financial Crises (GFC) was basically monetary phenomenon but the consequent recession with almost world wide spread demanded a multi pronged public policy response. Fiscal policy has the capability not only to combat recession but to compliment the monetary policy in its endeavor to fight the...
In addition, our results show that while a mild monetary expansion is effective in reducing a twin crisis duration, over-expansionary monetary policy loses its effectiveness. 展开 关键词: fiscal policy monetary policy twin crises DOI: 10.1080/00036846.2012.736943 被引量: 2 ...
How Fiscal Policy and Monetary Policy Affect the Economy from Chapter 3 / Lesson 78 256K To promote economic growth, the government has fiscal policies regarding government's taxation and spending, as well as monetary policies regarding the money supply and interest rates. Explore the business...
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