000			01499pab a2200181 454500
008			180718b1999 xxu||||| |||| 00| 0 eng d
100			_aRao, M.J. Manohar
245			_aIndian macro economic data base in a consistency accounting framework
260			_c1999
300			_ap.2243-262; 34(33), 14 Aug 1999, p.2345-357
362			_a7 Aug
520			_aDespite certain minor problems of definitions and measurements left unresolved by the earlier exercise on Indian macro-economic data base consistency (reported in the previous issue of EPW), the resulting integration helped us to detect the structural changes that have occurred in the real and financial sectors of the Indian economy over the entire sample period, in general, and between the pre-and post-liberalisation phases, in particular. In such a context, we have identified many important empirical patterns and regularities, notably the existence of business cycles, the counter-cyclical nature of inflation, the twin deficits problem, the impact of absorption on reserves, the evolution of the debt-income ratio, the relationship between real interest rates and growth, the sustainability of the fiscal stance, amongst others, which could act as theoretical guideposts for the formulation of issues in the role and conduct of macro-economic stabilisation policy. - Reproduced
650			_aMacro economics
700			_aAsher, Nina L.
700			_aSamant, Archana P.
773			_aEconomic and Political Weekly
909			_a41924
999			_c41924 _d41924