........ In the absence of fiscal space for a stimulus, the chorus advocates that the Reserve Bank of India (RBI) should refrain from “monetarist” policies. There is endemic confusion in the minds of the expansionists as they label any cautionary policy as being “monetarist”. Needless to say, this is a totally erroneous interpretation of “monetarist” policies. No “monetarist” would accept India's permissive monetary expansion as being consistent with a “monetarist” policy.................
Read.................
No comments:
Post a Comment