TY  - BOOK
AU  - Lekha S Chakraborty
TI  - Fiscal consolidation, budget deficits and the macro economy 
SN  - 9789351509899 
U1  - 339.520954 
PY  - 2016///
CY  - New Delhi 
PB  - Sage
KW  - Budget deficits
KW  - Fiscal policy
KW  - Finance, Public
N2  - 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
ER  -