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20 October 2026

Does Fiscal Policy Stabilise or Amplify the Cycle? Evidence from Indian Subnational Governments
Gaidimlung K Jacob and Lekha Chakraborty, TTPI Working Paper 19/2026 October 2026
  • JEL Codes: E62
  • H72
  • H77
  • C23
  • E32 Keywords: Fiscal stance; Output gap; Countercyclical fiscal policy