Detail Monetary vs Fiscal Policy : Some Evidence From Vector Autoregression for India   Oleh:  Ansari, M.I. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Asian Economics vol. 7 no. 4 (1996), page 677-698. Topik: MONETARY; monetary; fiscal policy; vector autoregression Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper investigates the relative importance of monetary and fiscal policy for India. Unlike previous studies, a more general approach of multivariate vector autoregression has been employed. Analysis of the causality results based on the joint F - tests and the dynamic multipliers based on the variance decompositions and the impulse response functions unambiguously support the Keynesian stance on the importance of fiscal policy. There is very little evidence of exogeneity of money supply, undermining the validity of the monetarist proposition. On the contrary, Indian monetary policy appears to have accommodated changes in government expenditure, prices and output, lending support to the structuralist - Mundellian views. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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