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100			_aBedarkar, Madhura: Gopalkrishnan, Santosh: Khairnar, Kunal _921586
245			_aIndian Twin Deficits : _bThe Role of Inflation and Money Supply _cBedarkar, Madhura
260			_aNew Delhi _bSatya Gilani on behalf of Associated Management Consultants (P) Ltd., _cAugust 5, 2015
300			_a7-24
500			_aThe study explored the role of inflation and money supply in the twin deficits hypothesis using the IS-LM framework and posited that inflation could be the mediating variable which explains why a higher fiscal deficit may lead to worsening of the current account balance. This may hamper the effectiveness of the monetary policy and long run output growth. We tested the model empirically on Indian data using Johansen's cointegration test to find evidence that fiscal deficit, current account deficit, inflation, and money supply have a long-run relationship.
650			_atwin deficits hypothesis, Mundell - Fleming model, inflation, IS-LM model, Johansen cointegration, fiscal deficit, current account deficit. _921587
773	0		_029384 _956160 _aGILANI,S. _o5555412 _tINDIAN JOURNAL OF FINANCE _x0973-8711
942			_2ddc _cJA-ARTICLE
999			_c42998 _d42998