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

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.

• List of figures xList of tables xiList of Contributors xiiiForeword xxPreface xxiiAbbreviations xxivIntroduction 1Ramesh Chandra DasPART 1Policy Implications to Economics and Business 111 Interplay of Governance, Inflation, Monetary Policy, and Fiscal Policy: Theories and Empirics for BRICS+ Economies 13Nilendu Chatterjee and Soumyajit Adhikari2 Analyzing the Designs of Monetary Policy and Their Impacts in the Post-Financial Crisis Era: Perspectives from G-7 and BRICS Nations 31Sudipta Jha3 Relation of Governments’ Revenue Expenditures with Growth and Inflation: Insights from Major SAARC Countries 48Imran Hussain, Sunanda Das, and Ramesh Chandra Das4 Role of Good Governance and Financial Development on Economic Growth and Inflation: Perspectives from India, China and the USA 65Rajib Bhattacharyya5 Assessing the Role of Fiscal Policy, Monetary Policy, and Governance in Bangladesh’s Economic Growth: A Time Series Analysis 81Md. Mahbubul Hakim, Md. Imran Hossain Milon, and Farhana Ahmed6 The Interplay between Stock Market Movements and Monetary Policy in India: A Spillover Analysis 101Pinky Konwar and Ujjal Protim Dutta7 Interpretation of Public Finance through IS-LM Model in BRICS Countries: A Comparative Analysis 119Tiyasa Mishra8 Governance and Economic Performance: Unveiling the Link through Composite Indices 130Somnath Chattopadhyay9 Assessing the Impact of Governance on Economic Growth in India: An ARDL Approach 149Sagnik Maity and Amit Majumder10 Good Governance and Inflation: Countries’ Outlooks 169Susobhan Maiti and Ramesha K11 Does Government Borrowing Constrain Corporate Leverage? An Empirical Study from Emerging Markets 184Aishwarya Nagpal and Megha JainPART 2Implications to Sustainable Development 20512 Fiscal Deficit and Economic Growth Relationships in Selected Developing Asian and African Countries: Empirical Evidence 207Prasenjit Makur13 Beyond the Averages: An Investigation on Sustainability of Cost Drivers and Convergence in Efficiency among Public and Private Banks in India 226Saptarshi Bandyopadhyay and Santanu Ghosh14 Impact of Fiscal Policy and Governance Indicators on Sustainable Development in EU Countries 243Ali Gökhan Gölçek, Fındık Özlem Alper, and Ali Eren Alper15 Aggregating Citizens’ Personalised Recommendations into Tax Directions for Automatic Project Proposal Development Using NLP, Enabling Sustainable Hyperlocal Governance and Longevity 260Santanu Banerjee, Tiyasa Mishra, Anandita Das, Atul Kumar Dubey, and Krishna Das16 Impact of Minimum Support Price (MSP) on Paddy Production in West Bengal: A Move towards Promoting Agricultural Sustainability 278Sebak Kumar Jana and Siddhartha Sankar Manna17 Economic Policy and Geography of Environmental (In) Justice 290Md. Juel Mia18 Linkage between Green Governance and India’s Economic Policies: Challenges and Opportunities 304Siddhartha Sankar Manna and Raj Kumar Kothari19 Sustainability Reports as the Basis for Sustainability Management Governance Reporting 324José G. Vargas-Hernández, Absalón J. Salmerón-Zapata, and M. C. Omar C. Vargas-GonzálezIndex 341