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

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Framework for Short-Term Macro Policy

V Bhaskar One announcement by the government which is to be welcomed is its resolve to review the financial position every four months. If taken seriously, this could provide the government the opportunity to tailor fiscal policy in line with short-term developments. Budgetary policy could be adjusted in line with changes in industrial demand or in formation regarding the harvest. This short-run aspect of budgetary policy has not been adequately discussed.

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