Search
Now showing items 11-20 of 25
Life cycle concerns: ineffectively addressed
(2003-10-20)
The lifetime concerns of individuals, though a key focus of the
Budget for 2003-04, are nevertheless addressed in such a way
that human capital – the engine of growth – will not be
accumulated in an equitable or efficient ...
A leap in the dark: the fiscal-monetary nexus
(2005-10-25)
The orientation of fiscal policy should be on fiscal correction and
long-term issues. Aggregate demand management is then the
exclusive domain of monetary policy which by initiating a softer
interest rate regime can ...
Post quota textile scenario in India
(2004-07-21)
A primer on required tax policy
(2002-10-18)
In the last two years there has been a decline in the tax/GDP ratio but this year the finance minister intends to reverse that mainly through mopping up more corporation and income and service taxes and an improvement in ...
What is monetary policy doing?
(2003-10-20)
The Reserve Bank of India has been using open market operations to sterilise the inflows of foreign capital so as to contain domestic monetary expansion. At the same time it is intervening in foreign exchange markets. With ...
Budget 2004-05: sharper instruments and objectives
(2004-10-25)
This is after all a coalition budget and so unless the finance
minister is strong and has strategic dominance over the coalition,
large debt and deficits are inevitable. However even within those
constraints, there ...
The pervasiveness of self-employment
(2003-10-21)
Ageing populations with increased life expectancy, low morality rates, and decreasing and colatile returns in financial markets have made old age financial security difficult. Further, escalating costs of the pension system ...
The critics are not Keynesian enough: fiscal responsibility and growth
(2006-10-29)
It is because fiscal policy-makers may not respect intertemporal
constraints that it is better to bind ourselves to rules. Also, in an
intertemporal set-up, lowering fiscal deficits can be expansionary
Budget 2006: outlays, inequality and growth
(2006-10-27)
The fiscal deficit is being contained by a decrease in interest
payments and capital expenditures, along with a secular rise in
direct taxes. However, the reduction in capital expenditures,
mainly in infrastructure, is ...