https://www.taxtmi.com/news?id=12509 The paper advocates measuring the fiscal stance by the cyclically adjusted fiscal stance using IMF methodology and potential output estimates for India since 2000, finding a significant expansionary shift during the crisis that was only partially reversed despite a positive output gap and higher inflation. It notes a tapering fiscal impulse but persistent expansionary stance post crisis, and calls for further reforms and a binding fiscal framework to embed cyclically adjusted balances into fiscal rules and reduce procyclicality. en-us Tue, 25 Feb 2014 13:01:28 +0530 Tue, 25 Feb 2014 13:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12509 The paper advocates measuring the fiscal stance by the cyclically adjusted fiscal stance using IMF methodology and potential output estimates for India since 2000, finding a significant expansionary shift during the crisis that was only partially reversed despite a positive output gap and higher inflation. It notes a tapering fiscal impulse but persistent expansionary stance post crisis, and calls for further reforms and a binding fiscal framework to embed cyclically adjusted balances into fiscal rules and reduce procyclicality. News - Tue, 25 Feb 2014 13:01:28 +0530 https://www.taxtmi.com/news?id=12509