Budget 2017-18: The macroeconomic perspective*

Mar 3rd 2017, C.P. Chandrasekhar

One reason why the government chose fiscal consolidation instead of an expansionary budget in the wake of demonetisation is its erroneous belief that demonetisation in itself would deliver fiscal benefits.

* This article was originally published in the Economic & Political Weekly, Vol. 52, Issue No. 9, March 4, 2017.

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