COVID-19 and fiscal-monetary policy coordination : empirical evidence from India

by Lekha Chakraborty (Levy Institute) and Harikrishnan S

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.

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Year of publication:	February 2022
Authors:	Chakraborty, Lekha ; Harikrishnan S
Publisher:	Annandale-on-Hudson, NY : Levy Economics Institute
Subject:	Fiscal-Monetary Policy Coordination \| Fiscal Deficits \| Monetization \| COVID-19 \| Coronavirus \| Indien \| India \| Geldpolitik \| Monetary policy \| Finanzpolitik \| Fiscal policy \| Policy-Mix \| Policy mix \| Internationale Wirtschaftspolitik \| International economic policy \| Haushaltsdefizit \| Budget deficit \| Wirkungsanalyse \| Impact assessment

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Extent:	1 Online-Ressource (circa 19 Seiten)
Series:	Working papers / The Levy Economics Institute. - Annandale-on-Hudson, NY : [Verlag nicht ermittelbar], ZDB-ID 2195074-X. - Vol. no. 1002
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/273864 [Handle]
Classification:	E58 - Central Banks and Their Policies ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012814168