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The paper studies the solvency of the Indian public sector and the eventual monetization and inflation implied by stabilization of the debt-GNP ratio without any changes in the primary deficit. The nonstationarity of the discounted public debt suggests that indefinite continuation of the pattern...
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Management Act, 2003 (FRBMA) are presented and commented upon. With the very small number of data points at our disposal, no … government. Finally, the recommendations of the 13th Finance Commission regarding a roadmap for fiscal consolidation are examined …
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