ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Jyotirmoy Bhattacharya

Death in Police Custody

Fiscal Deficits and the Interest Rate

There is no reason why larger borrowing by the government need 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?