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Some Analytics of Demonetisation
Given the difficulty of a reasonably rigorous assessment of the long-term effects of demonetisation, its macroeconomic consequences in the short run are analysed. Standard macroeconomic tools are moulded for this purpose. It is found that there is a fall in demand as well as in supply-constrained output.
This is a revised version of a paper presented in a seminar at Indian Institute of Management, Calcutta. The author is grateful to members of the seminar for helpful comments.
Striving to better, oft we mar what is well
— King Lear
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Updated On : 18th Dec, 2018
