Is India's Inflation a Fiscal Phenomenon?
Material type:
Continuing resourcePublication details: Economic and Political Weekly; 2024Description: 39-45Subject(s): Online resources: Summary: An attempt has been made to substantiate whether India’s persistently higher general prices could be considered an outcome of its perennial fiscal retrogression. Applying the vector error correction model to the secondary data compiled from 1971 to 2019, the study found the provisions undertaken to finance India’s prolonged fiscal distress as a prime mover of its inflationary experiences. In addition to the discordant effect of the monetary seigniorage on the country’s general price level, excessive reliance of the fiscal authority on the government-dated securities to balance its continuous fiscal apprehension has also been found to supplement the problem significantly.
| Item type | Current library | Vol info | Status | Barcode | |
|---|---|---|---|---|---|
Article Index
|
Dr VKRV Rao Library | Vol. 59, No. 19 | Not for loan | AI54 |
An attempt has been made to substantiate whether India’s persistently higher general prices could be considered an outcome of its perennial fiscal retrogression. Applying the vector error correction model to the secondary data compiled from 1971 to 2019, the study found the provisions undertaken to finance India’s prolonged fiscal distress as a prime mover of its inflationary experiences. In addition to the discordant effect of the monetary seigniorage on the country’s general price level, excessive reliance of the fiscal authority on the government-dated securities to balance its continuous fiscal apprehension has also been found to supplement the problem significantly.
There are no comments on this title.