1. bookTom 33 (2023): Zeszyt 2 (June 2023)
Informacje o czasopiśmie
Pierwsze wydanie
30 Mar 2015
Częstotliwość wydawania
4 razy w roku
Otwarty dostęp

Central Bank Independence and its Impact on Fiscal Deficit: Evidence from India

Data publikacji: 01 Apr 2023
Tom & Zeszyt: Tom 33 (2023) - Zeszyt 2 (June 2023)
Zakres stron: 71 - 94
Otrzymano: 01 Apr 2022
Przyjęty: 01 Sep 2022
Informacje o czasopiśmie
Pierwsze wydanie
30 Mar 2015
Częstotliwość wydawania
4 razy w roku

1. Abubakar, O. (2015), Fiscal crisis and the policies of non-oil revenue drive in Nigeria, Policy and Administration Research, 5(9), 43-61. Search in Google Scholar

2. Ahmad, E., Malik, A. (2009), Financial sector development and economic growth: An empirical analysis of developing countries, Journal of economic cooperation and development, 30(1), 17-40. Search in Google Scholar

3. Ahmadi, M. H. (2021), India's Fiscal Deficit and its Impact on Gross Domestic Product: An Analysis. Search in Google Scholar

4. Alesina, A., Summers, L. H. (1993), Central bank independence and macroeconomic performance: some comparative evidence, Journal of Money, Credit and Banking, 25(2), 151-162. Search in Google Scholar

5. Amrutha, T., Gowda, H. C., Bi, A. Z., Rashmi, K. S. (2017), Impact of fiscal deficit on economic growth in India: a cointegration analysis, International Research Journal of Agricultural Economics and Statistics, 8(1), 96-99. Search in Google Scholar

6. Anyanwu J. C (1998), Do Large Fiscal Deficits Produce High-Interest Rate? The Case of Nigeria, Ghana and the Gambia, 1987:3 – 1995: 4, CBN Financial Econ. Rev., 36(1): 51-84. Search in Google Scholar

7. Bade, R., Parkin, M. (1988), Central bank laws and monetary policy. Ontario, Canadá: Department of Economics, University of Western Ontario. Search in Google Scholar

8. Baldacci, E. i Kumar, M.S. (2010), Fiscal Deficit, Public Debt, and Sovereign Bond Yields. IMF Working Paper WP/10/184, International Monetary Fund, Washington DC. Search in Google Scholar

9. Castro, G. Á., Camarillo, D. B. R. (2014), Determinants of tax revenue in OECD countries over the period 2001–2011, Contaduría y administration, 59(3), 35-59. Search in Google Scholar

10. Catao, L. A., Terrones, M. E. (2005), Fiscal deficits and Inflation, Journal of Monetary Economics, 52(3), 529-554. Search in Google Scholar

11. Chan, K. S., Tong, H. (1986), On estimating thresholds in autoregressive models, Journal of Time Series Analysis 7: 178-190. Search in Google Scholar

12. Coenen, G., Straub, R. (2005), Does government spending crowd in private consumption? Theory and empirical evidence for the euro area, International finance, 8(3), 435-470. Search in Google Scholar

13. Combes, J. L., Saadi-Sedik, T. (2006), How does trade openness influence budget deficits in developing countries?, The Journal of Development Studies, 42(8), 140-1416. Search in Google Scholar

14. Cukierman, A. (1992), Central Bank Strategy, Credibility, and Independence: Theory and Evidence, Journal des Économistes et des Études Humaines, 3(4), 581-590. Search in Google Scholar

15. Dwyer, G. P., Lothian, J. R. (2012), International and historical dimensions of the financial crisis of 2007 and 2008, Journal of International Money and Finance, 31(1), 1-9. Search in Google Scholar

16. Engle, R. F., Granger, C. W. (1987), Co-integration and error correction: representation, estimation, and testing, Econometrica: Journal of the Econometric Society, 251-276. Search in Google Scholar

17. Eslava, M. (2011), The political economy of fiscal deficits: a survey, Journal of Economic Surveys, 25(4), 645-673. Search in Google Scholar

18. Jalil, A., Mahmood, T., Idrees, M. (2013), Tourism–growth nexus in Pakistan: Evidence from ARDL bounds tests. Economic Modelling, 35, 185-191. Search in Google Scholar

19. Jasmine, M. F., Mona, E. F., Talla, A. (2019), A New Insight into the Measurement of Central Bank Independence, Journal of Central Banking Theory and Practice, 8(1), 67-96. Search in Google Scholar

20. Jen-Te, Hwang, et al. (2010), Debt Overhang, Financial Sector Development and Economic Growth, Hitotsubashi Journal of Economics, 51 (2010), pp. 13-30. Search in Google Scholar

21. Johansen, S. (1988), Statistical analysis of cointegration vectors, Journal of economic dynamics and control, 12(2-3), 231-254. Search in Google Scholar

22. Johansen, S. (2000), Modelling of Cointegration in the vector autoregressive model, Economic modelling, 17(3), 359-373. Search in Google Scholar

23. Johansen, S., Juselius, K. (1990), Maximum likelihood estimation and inference on Cointegration—with applications to the demand for money, Oxford Bulletin of Economics and Statistics, 52(2), 169-210. Search in Google Scholar

24. Johnson, H. G. (1963), An overview of price levels, employment, and the balance of payments, The Journal of Business, 36(3), 279-289. Search in Google Scholar

25. Kydland, F. E., Prescott, E. C. (1977), Rules rather than discretion: The inconsistency of optimal plans, Journal of political economy, 85(3), 473-491. Search in Google Scholar

26. Laurens, B., De La Piedra, E. (1998), Coordination of monetary and fiscal policies. Search in Google Scholar

27. Looney, E. R. (1995), Public Sector Deficits and Private Investment: A test of the Crowding-out Hypothesis in Pakistan's Manufacturing Industry, Pakistan Development Review, 34: 3 (Aurama 1995), 277-297. Search in Google Scholar

28. Lucotte, Y. (2009), The influence of central bank independence on budget deficits in developing countries: new evidence from panel data analysis, Laboratoire d’Economie d’Orléans Université d’Orléans, 2019. Search in Google Scholar

29. Maduka, A. C., Onwuka, K. O. (2013), Financial market structure and economic growth: evidence from Nigeria data, Asian economic and financial review, 3(1), 75. Search in Google Scholar

30. Mallick, H. (2008), Government spending, trade openness and economic growth in India: A time series analysis. Search in Google Scholar

31. Mohan, R. (2006), Coping with liquidity management in India: a practitioner's view, Reserve Bank of India Bulletin, April. Search in Google Scholar

32. Mohan, R. (2006b), Evolution of central banking in India, Reserve bank of India Bulletin, June. Search in Google Scholar

33. Moser, P. (1999), Checks and balances, and the supply of central bank independence, European Economic Review, 43(8), 1569-1593. Search in Google Scholar

34. Mpofu, S. (2012), Essays on central bank independence and macroeconomic performance: Selected African economies (Doctoral dissertation, University of the Witwatersrand, Faculty of Commerce, Law and Management). Search in Google Scholar

35. Narayan, P. K. (2004), Fiji's tourism demand: the ARDL approach to Cointegration, Tourism Economics, 10(2), 193-206. Search in Google Scholar

36. Nordhaus, W. D. (1975), The political business cycles, The review of economic studies, 42(2), 169-190. Search in Google Scholar

37. Pasaran, S. H., Shine, Y., Smith, R. J. (2001), Bound Testing Approach to the Analysis of level Relationship, Journal of Applied. Search in Google Scholar

38. Pesaran, M. H., Shin, Y. (1995), An autoregressive distributed lag modelling approach to cointegration analysis. Search in Google Scholar

39. Pollard, P. S. (1996), 11 Central Bank Independence and Economic Performance. Search in Google Scholar

40. Posen, A. S. (1995), Declarations are not enough: financial sector sources of central bank independence, NBER macroeconomics annual, 10, 253-274. Search in Google Scholar

41. Ramachandran, M. (2000), Fiscal deficit, RBI autonomy and monetary management. Economic and Political Weekly, 3266-3272. Search in Google Scholar

42. Reserve Bank of India (2005b), (History of) Reserve Bank of India (3 volumes). Search in Google Scholar

43. Mumbai, Reserve Bank of India. Search in Google Scholar

44. Rogoff, K. (1985), The optimal degree of commitment to an intermediate monetary target, The quarterly journal of economics, 100(4), 1169-1189. Search in Google Scholar

45. Sargent, T. J., Wallace, N. (1981), Some unpleasant monetarist arithmetic, Federal reserve bank of Minneapolis quarterly review, 5(3), 1-17. Search in Google Scholar

46. Strong, C., Yayi, C. (2021), Central bank independence, fiscal deficits and currency union: Lessons from Africa, Journal of Macroeconomics, 68, 103313. Search in Google Scholar

47. Talvi, E., Vegh, C.A. (2000), Tax Base Variability and Procyclical Fiscal Policy, NBER Working Paper No. 7499, National Bureau of Economic Research, Cambridge. Search in Google Scholar

48. Tempelman, J. H. (2008), The depoliticization of monetary policy, Business Economics, 43(2), 16-22. Search in Google Scholar

49. Uppal, J. Y. (2011), Government Budget Deficits and the Development of the Bond Market in Pakistan: Issues and Challenges, Lahore Journal of Economics, 16. Search in Google Scholar

50. Vincent, N. E., Ioraver, N. T., Wilson, E. H. (2012), Economic Growth and Fiscal Deficits: Empirical Evidence from Nigeria. Economics and Finance Review, 2(6), 85-96. Search in Google Scholar

51. Vuletin, G., Zhu, L. (2011), Replacing a "disobedient" central bank governor with a "docile" one: A novel measure of central bank independence and its effect on Inflation, Journal of Money, Credit and Banking, 43(6), 1185-1215. Search in Google Scholar

52. Walsh, C. E. (1995), Optimal contracts for central bankers, The American Economic Review, 150-167. Search in Google Scholar

Polecane artykuły z Trend MD