Union budget 2021–22: The macroeconomic framework
By: Chakraborty, Lekha
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Material type: 
BookPublisher: Economic & Political Weekly Description: 56(9), Feb 27, 2021: p.20-24.Subject(s): Budget deficit, Sustainable growth
In:
Economic & Political WeeklySummary: High deficit has no fiscal costs if it can be substantiated with increased public investment or “output gap” reduction. When the monetary policy stance has limitations in triggering growth through liquidity infusion and the status quo policy rates, “fiscal dominance” is crucial for sustained growth recovery. – Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 56(9), Feb 27, 2021: p.20-24 | Available | AR125071 |
High deficit has no fiscal costs if it can be substantiated with increased public investment or “output gap” reduction. When the monetary policy stance has limitations in triggering growth through liquidity infusion and the status quo policy rates, “fiscal dominance” is crucial for sustained growth recovery. – Reproduced
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