Economic Growth, Price Stability and Good Governance Implications of Fiscal and Monetary Policies

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 Governmentsâ 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 Bangladeshâs 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: Countriesâ 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 G¶khan G¶l§ek, Fındık -zlem Alper, and Ali Eren Alper

15 Aggregating Citizensâ 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 Indiaâs 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

Jos© G. Vargas-Hern¡ndez, Absal³n J. Salmer³n-Zapata, and M. C. Omar C. Vargas-Gonz¡lez

Index 341