The debate on the necessity of government interventions in economic activities has been well documented in the literature of developmental macroeconomics. This book examines whether fiscal and monetary policies combined with good governance result in better economic growth and price stabilization.
Exploring critical themes like the dynamic relationships between money supply, government expenditure, and governance indicators in achieving economic stability and environmental sustainability, this volume addresses the longstanding debate between monetarist and Keynesian schools regarding the determinants of inflation. While incorporating modern considerations of political economics and governance quality, it examines how corruption control, institutional quality, and policy coordination impact economic performance across both developed and developing nations.
The book will be useful to students and researchers of economics, development economics, political science, sociology, international relations and administrative sciences and to policy makers working in the fiscal and monetary sectors.
Exploring critical themes like the dynamic relationships between money supply, government expenditure, and governance indicators in achieving economic stability and environmental sustainability, this volume addresses the longstanding debate between monetarist and Keynesian schools regarding the determinants of inflation.
List of figures x
List of tables xi
List of Contributors xiii
Foreword xx
Preface xxii
Abbreviations xxiv
Introduction 1
Ramesh Chandra Das
PART 1
Policy Implications to Economics and Business 11
1 Interplay of Governance, Inflation, Monetary Policy, and Fiscal Policy:
Theories and Empirics for BRICS+ Economies 13
Nilendu Chatterjee and Soumyajit Adhikari
2 Analyzing the Designs of Monetary Policy and Their Impacts in the
Post-Financial Crisis Era: Perspectives from G-7 and BRICS Nations 31
Sudipta Jha
3 Relation of Governments Revenue Expenditures with Growth and Inflation:
Insights from Major SAARC Countries 48
Imran Hussain, Sunanda Das, and Ramesh Chandra Das
4 Role of Good Governance and Financial Development on Economic Growth and
Inflation: Perspectives from India, China and the USA 65
Rajib Bhattacharyya
5 Assessing the Role of Fiscal Policy, Monetary Policy, and Governance in
Bangladeshs Economic Growth: A Time Series Analysis 81
Md. Mahbubul Hakim, Md. Imran Hossain Milon, and Farhana Ahmed
6 The Interplay between Stock Market Movements and Monetary Policy in India:
A Spillover Analysis 101
Pinky Konwar and Ujjal Protim Dutta
7 Interpretation of Public Finance through IS-LM Model in BRICS Countries: A
Comparative Analysis 119
Tiyasa Mishra
8 Governance and Economic Performance: Unveiling the Link through Composite
Indices 130
Somnath Chattopadhyay
9 Assessing the Impact of Governance on Economic Growth in India: An ARDL
Approach 149
Sagnik Maity and Amit Majumder
10 Good Governance and Inflation: Countries Outlooks 169
Susobhan Maiti and Ramesha K
11 Does Government Borrowing Constrain Corporate Leverage? An Empirical Study
from Emerging Markets 184
Aishwarya Nagpal and Megha Jain
PART 2
Implications to Sustainable Development 205
12 Fiscal Deficit and Economic Growth Relationships in Selected Developing
Asian and African Countries: Empirical Evidence 207
Prasenjit Makur
13 Beyond the Averages: An Investigation on Sustainability of Cost Drivers
and Convergence in Efficiency among Public and Private Banks in India 226
Saptarshi Bandyopadhyay and Santanu Ghosh
14 Impact of Fiscal Policy and Governance Indicators on Sustainable
Development in EU Countries 243
Ali Gökhan Gölçek, Fndk Özlem Alper, and Ali Eren Alper
15 Aggregating Citizens Personalised Recommendations into Tax Directions for
Automatic Project Proposal Development Using NLP, Enabling Sustainable
Hyperlocal Governance and Longevity 260
Santanu Banerjee, Tiyasa Mishra, Anandita Das, Atul Kumar Dubey, and Krishna
Das
16 Impact of Minimum Support Price (MSP) on Paddy Production in West Bengal:
A Move towards Promoting Agricultural Sustainability 278
Sebak Kumar Jana and Siddhartha Sankar Manna
17 Economic Policy and Geography of Environmental (In) Justice 290
Md. Juel Mia
18 Linkage between Green Governance and Indias Economic Policies: Challenges
and Opportunities 304
Siddhartha Sankar Manna and Raj Kumar Kothari
19 Sustainability Reports as the Basis for Sustainability Management
Governance Reporting 324
José G. Vargas-Hernández, Absalón J. Salmerón-Zapata, and M. C. Omar C.
Vargas-González
Index 341
Ramesh Chandra Das, PhD, is currently Professor at the Department of Economics of Vidyasagar University in the state of West Bengal, India, with more than 25 years of teaching and research experience. His main areas of research lie in theoretical and applied macroeconomics, financial economics, environmental economics, and political economics. He has contributed several research papers to national and international journals of repute along with more than a dozen edited volumes in the related areas of the subject. Besides, he has written textbooks on microeconomics, macroeconomics, and managerial economics with internationally reputed publishers for different fields of readers and academicians and has been acting as the editor-in-chief in a couple of refereed journals.
