Publications

Working Paper No. 1002 | February 2022

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.

Publication Highlight

Working Paper No. 1044
Empirical Models of Chinese Government Bond Yields
Author(s): Tanweer Akram, Shahida Pervin
February 2024

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