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Prusty, Sadananda
- Demand for Money under Economic Reforms in India: A Further Empirical Evidence
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Authors
Affiliations
1 Quantitative Analysis Unit, Institute for Social and Economic Change (ISEC), Nagarbhavi, Bangalore-72, IN
2 Economics Unit, Institute for Social and Economic Change, Nagarbhavi, Bangalore-72, IN
1 Quantitative Analysis Unit, Institute for Social and Economic Change (ISEC), Nagarbhavi, Bangalore-72, IN
2 Economics Unit, Institute for Social and Economic Change, Nagarbhavi, Bangalore-72, IN
Source
Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 40, No 3 (1998), Pagination: 292-309Abstract
The main objective of this paper is to explain the interface between determinants of demand for money and economic reforms in India, and the policy concerns it engenders. The analysis shows that lhe monetary policy actions under economic reform in India have mixed effects on the determinants of demand for money in various functional combinations. Though it supports the hypothesis that the inteiface between money market rate as the determinant of demand for money and economic reform is favorable and encouraging, it is unfavourable in the case of other determinants such as bond yield rate and expected rate of inflation. Thus, monetary actions in India have been regulating the broad money in an effective manner through changes in the money market rate during the reform period.- Fiscal Policy and Inflation in India:A Further Empirical Analysis
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Authors
Affiliations
1 Department of Research, Policy and Planning, 13, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai-400020, IN
1 Department of Research, Policy and Planning, 13, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai-400020, IN