The article empirically examines the onshor-offshore linkages of the Indian rupee using recently developed multivariate GARCH technique. The empirical results show that the offshore non-deliverable forward market does not have mean spillover impact on onshore spot, forward and futures markets...

As India tries to maintain a healthy balance between its social welfare obligations and its economic policies contrary to Wagner and Keynes propositions concerning the causal relationship between national income and public expenditure, it becomes important to understand the causal relationship...

The main objective of the paper is to estimate the dynamic interrelation among the macroeconomic variables viz., real output, money, price, interest rate and exchange rate using monthly data for India covering the period from 1991:1 to 2007:12 using ARDL approach to cointegration. The bounds...