Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273864 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 1002
Publisher: 
Levy Economics Institute of Bard College, Annandale-on-Hudson, NY
Abstract: 
Against the backdrop of the COVID-19 pandemic, this paper analyzes the economic stimulus packages announced by the Indian national government and tries to identify some plausible fiscal and monetary policy coordination. The shrinking fiscal space due to revenue uncertainties has led to a theoretical plausibility of a reemergence of finite monetization of deficits in India. However, the empirical evidence confirms no direct monetization of the deficit.
Subjects: 
Fiscal-Monetary Policy Coordination
Fiscal Deficits
Monetization
COVID-19
JEL: 
E58
E62
E63
Document Type: 
Working Paper

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