Publications on Monetization
There is 1 publication for Monetization.
COVID-19 and Fiscal-Monetary Policy Coordination
Working Paper No. 1002 | February 2022
Empirical Evidence from IndiaAgainst 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.Download:Associated Programs:Author(s):Lekha S. Chakraborty Harikrishnan S