The Rise of the Indian Economy: Fiscal, Monetary and Other Policy Challenges
AbstractThis paper brings analytical economics to bear on some of the central economic policy challenges faced by contemporary India; monetary policy for controlling inflation, central bank exchange rate interventions and fiscal policy for promoting growth. Government, by giving orchestrated guarantees for infrastructure can ensure that multiple projects come up raising the probability of success of all these projects. India has responded to inflation by using fiscal contraction, liquidity tightening and monetary policy. By using a suitable strategic technique-called 'schedule intervention'-it is possible for the central bank to influence the exchange rate without affecting foreign currency reserves.
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Bibliographic InfoArticle provided by SIE - Societa' Italiana degli Economisti (I) in its journal Rivista Italiana degli Economisti.
Volume (Year): 17 (2012)
Issue (Month): 2 (August)
Other versions of this item:
- Basu Kaushik, 2012. "The Rise of the Indian Economy: Fiscal, Monetary and Other Policy Challenges," Rivista italiana degli economisti, Società editrice il Mulino, issue 2, pages 169-190.
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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