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

A+| A| A-

Fiscal Deficit, RBI Autonomy and Monetary Management

Changing money supply-process, mainly in response to increasing financial market openness and growing market orientation of the financial structure, has made the monetary targeting exercise more complicated. This is made worse by the continuing automatic monetisation of fiscal deficit. Thus, fiscal correction is an inevitable precondition of RBI autonomy and the efficacy of its policy.

To read the full text Login

To know more about our subscription offers Click Here.


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top