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Please use this identifier to cite or link to this item: http://hdl.handle.net/2259/615

Title: FIscal Deficits and the Interest Rate
Authors: Bhattacharya, Jyotirmoy
Keywords: Fiscal Deficits
Interest Rate
Fiscal Policy
Monetary Policy
Issue Date: 30-May-2009
Publisher: Economic and Political Weekly
Abstract: There is no reason why larger borrowing by the government beed raise interest rates in the economy. Is it a case of prejudice in favour of "small" government that is the reason for the continued currency of this view? Or even if the expressed view is due to a desire to keep foreign institutional investors happy, should it not be better to control speculative capital directly instead of recommending deflationary fiscal policies in the midst of a recession ?......
Description: May 30, 2009. Vol XLIV NO 22.
URI: http://hdl.handle.net/2259/615
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