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

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:	2022
Authors:	Chakraborty, Lekha
Publisher:	Annandale-on-Hudson, NY : Levy Economics Institute of Bard College
Subject:	Fiscal-Monetary Policy Coordination \| Fiscal Deficits \| Monetization \| COVID-19

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Series:	Working Paper ; 1002
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1789223288 [GVK] 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:	EconStor

Persistent link: https://www.econbiz.de/10014322566