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100 _aGeorge, Preeta and Joshi, Chinmay
_952702
245 _aImplications of monetary policy on public debt servicing in India
260 _aEconomic & Political Weekly
300 _a59(19), May 11, 2024: p.46-52
520 _aThe impact of the monetary policy rate, inflation, and government loan maturity on the cost of financing public debt from 1991–92 to 2022–23 is examined. It is seen that the MPR has a significant impact on the CFPD during this period. There is evidence of two structural breaks in the CFPD series. These breakpoints are identified in 1995–96 and 2002–03, which relate to liberalisation and market determination of interest rates on government borrowings and the implementation of the Fiscal Responsibility and Budget Management Act of 2003, respectively. – Reproduced https://www.epw.in/journal/special-articles/implications-monetary-policy-public-debt-servicing.html
773 _aEconomic & Political Weekly
906 _aMONETARY POLICY
942 _cAR