The large dose of fiscal stimulus measures undertaken by the Central Government to counter economic slowdown emanating from global financial crisis since the second half of 2008-09 led to rapid deterioration in its finances. This paper thus analyzes the nexus between receipts and expenditure to...

With the introduction of a destination-based VAT in all but eight states starting April 2005, there is need for a good baseline indicator of tax buoyancies in states in the period immediately preceding. This paper attempts to provide such a base, with buoyancies estimated over a twenty-three...

This paper employing bounds test to cointegration analysis (Pesaran et al, 2001) revisited the linkages between real output, price and money and studied the impact of government deficit on money in India for the period 1951-52 to 2006-07. It finds that money and real output cause price both in...

Using monthly data for the period 1982:4 to 2008:3, the study analyses the inflation persistence in India in terms of autoregressive properties and lag response of inflation to systematic monetary policy. It finds inflation persistence to be on the lower side,particularly when allowed for the...

This paper employing bounds test to cointegration analysis (Pesaran et al, 2001) revisited the linkages between real output, price and money and studied the impact of government deficit on money in India for the period 1951-52 to 2006-07. It finds that money and real output cause price both in...

Using monthly data for the period 1982:4 to 2008:3, the study analyses the inflation persistence in India in terms of autoregressive properties and lag response of inflation to systematic monetary policy. It finds inflation persistence to be on the lower side,particularly when allowed for the...

The paper employing ARDL cointegration approach examined the Feldstein-Horioka (FH)(1980) postulate on international capital mobility for India during 1950-51 to 1990-1991 and during 1950-51 to 2006-07. It finds a robust long-run cointegrating relationship between saving and investment rates in...