The trade-off between inflation and growth is a major issue in economics, and in developing countries the problem arises mainly as a result of the dual roles played by public expenditure--which generates income and employment--and deficit financing--which triggers inflation. In this empirical analysis of the issues involved, the author uses a disaggregated macro-economic model specially developed for the mixed economy of India to discuss government budgetary constraints, resource mobilization, money supply and price levels, investment and growth, and price-wage spirals in the Indian economy.
- ISBN10 0195617134
- ISBN13 9780195617139
- Publish Date 1 January 1996
- Publish Status Active
- Out of Print 8 June 1995
- Publish Country IN
- Imprint OUP India
- Format Hardcover
- Pages 250
- Language English