TY  - SER
AU  -  Joshi, Chinmay
AU  - George, Preeta
TI  - Implications of Monetary Policy on Public Debt Servicing in India
PB  - Economic and Political Weekly
KW  -  Monetary Policy
KW  -  Public Debt
KW  - Economics
N2  - The 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
UR  - https://www.epw.in/journal/special-articles/implications-monetary-policy-public-debt-servicing.html
ER  -