Matches in SemOpenAlex for { <https://semopenalex.org/work/W3111073557> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W3111073557 endingPage "70" @default.
- W3111073557 startingPage "42" @default.
- W3111073557 abstract "Maintaining price stability is an important macroeconomic goal for sustainability of economic growth. Fiscal deficit has come to be widely regarded as the key player in determining inflation dynamics. Theoretical insights on inflation, however, give a contrasting view on the inflationary tendencies of fiscal deficit. The fiscal theory of price level suggests that persistent budget deficits can result in inflation, while the monetarists consider inflation to be a monetary phenomenon. The structural economists attribute rising prices to the changes in demand and supply constraints while Ricardian Equivalence Hypothesis views fiscal deficit and inflation to be independent of each other. In light of these competing theoretical views on the factors affecting inflation, this study empirically examines the equilibrium relationship between fiscal deficit, money supply, exchange rate and inflation using Indian annual data for the period 1970-71 to 2014-15. The econometric framework used for the analysis is the Johansen cointegration technique, which tests both the existence and the number of cointegrating vectors. Furthermore, for testing the short-run causality, Granger Causality tests have been employed. The results show that there exists a long-run relationship between fiscal deficit, money supply, exchange rate volatility and inflation. Granger Causality tests do not confirm the causality running from fiscal deficit to inflation. This implies that the fiscal theory of the price level does not find empirical support in the Indian case. Given these findings, the efficacy of fiscal deficit as an instrument of price stabilisation in the short-run is questioned." @default.
- W3111073557 created "2020-12-21" @default.
- W3111073557 creator A5083330289 @default.
- W3111073557 date "2018-05-16" @default.
- W3111073557 modified "2023-09-23" @default.
- W3111073557 title "The Relationship Between Fiscal Deficit and Inflation in India: A Cointegration Analysis" @default.
- W3111073557 hasPublicationYear "2018" @default.
- W3111073557 type Work @default.
- W3111073557 sameAs 3111073557 @default.
- W3111073557 citedByCount "2" @default.
- W3111073557 countsByYear W31110735572019 @default.
- W3111073557 crossrefType "journal-article" @default.
- W3111073557 hasAuthorship W3111073557A5083330289 @default.
- W3111073557 hasConcept C120527767 @default.
- W3111073557 hasConcept C121332964 @default.
- W3111073557 hasConcept C126285488 @default.
- W3111073557 hasConcept C129824826 @default.
- W3111073557 hasConcept C139719470 @default.
- W3111073557 hasConcept C145162277 @default.
- W3111073557 hasConcept C149782125 @default.
- W3111073557 hasConcept C162324750 @default.
- W3111073557 hasConcept C200941418 @default.
- W3111073557 hasConcept C2776743220 @default.
- W3111073557 hasConcept C2776988154 @default.
- W3111073557 hasConcept C2777711530 @default.
- W3111073557 hasConcept C2779971977 @default.
- W3111073557 hasConcept C2993044310 @default.
- W3111073557 hasConcept C33332235 @default.
- W3111073557 hasConcept C34881761 @default.
- W3111073557 hasConcept C45619296 @default.
- W3111073557 hasConcept C524878704 @default.
- W3111073557 hasConcept C54178654 @default.
- W3111073557 hasConcept C556758197 @default.
- W3111073557 hasConceptScore W3111073557C120527767 @default.
- W3111073557 hasConceptScore W3111073557C121332964 @default.
- W3111073557 hasConceptScore W3111073557C126285488 @default.
- W3111073557 hasConceptScore W3111073557C129824826 @default.
- W3111073557 hasConceptScore W3111073557C139719470 @default.
- W3111073557 hasConceptScore W3111073557C145162277 @default.
- W3111073557 hasConceptScore W3111073557C149782125 @default.
- W3111073557 hasConceptScore W3111073557C162324750 @default.
- W3111073557 hasConceptScore W3111073557C200941418 @default.
- W3111073557 hasConceptScore W3111073557C2776743220 @default.
- W3111073557 hasConceptScore W3111073557C2776988154 @default.
- W3111073557 hasConceptScore W3111073557C2777711530 @default.
- W3111073557 hasConceptScore W3111073557C2779971977 @default.
- W3111073557 hasConceptScore W3111073557C2993044310 @default.
- W3111073557 hasConceptScore W3111073557C33332235 @default.
- W3111073557 hasConceptScore W3111073557C34881761 @default.
- W3111073557 hasConceptScore W3111073557C45619296 @default.
- W3111073557 hasConceptScore W3111073557C524878704 @default.
- W3111073557 hasConceptScore W3111073557C54178654 @default.
- W3111073557 hasConceptScore W3111073557C556758197 @default.
- W3111073557 hasOpenAccess W3111073557 @default.
- W3111073557 hasRelatedWork W1571365394 @default.
- W3111073557 hasRelatedWork W1848297122 @default.
- W3111073557 hasRelatedWork W2047880957 @default.
- W3111073557 hasRelatedWork W2094997021 @default.
- W3111073557 hasRelatedWork W2157878856 @default.
- W3111073557 hasRelatedWork W2183848012 @default.
- W3111073557 hasRelatedWork W2188670230 @default.
- W3111073557 hasRelatedWork W2220984437 @default.
- W3111073557 hasRelatedWork W2794237444 @default.
- W3111073557 hasRelatedWork W2885146419 @default.
- W3111073557 hasRelatedWork W2899248878 @default.
- W3111073557 hasRelatedWork W2965545417 @default.
- W3111073557 hasRelatedWork W3009455067 @default.
- W3111073557 hasRelatedWork W3124989307 @default.
- W3111073557 hasRelatedWork W3134568209 @default.
- W3111073557 hasRelatedWork W3141965682 @default.
- W3111073557 hasRelatedWork W3144639613 @default.
- W3111073557 hasRelatedWork W3154249274 @default.
- W3111073557 hasRelatedWork W3165480464 @default.
- W3111073557 hasRelatedWork W1486769443 @default.
- W3111073557 hasVolume "8" @default.
- W3111073557 isParatext "false" @default.
- W3111073557 isRetracted "false" @default.
- W3111073557 magId "3111073557" @default.
- W3111073557 workType "article" @default.