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

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Chasing a Monetarist Will-o-the-Wisp

EPW Research Foundation The finance minister has described his move to replace ad hoc treasury bills with ways and means advances as a "bold and radical change" which will "strengthen fiscal discipline'' and provide "greater autonomy to the RBI in the conduct of monetary policy". Will it really and at what cost to the real economy?

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