Macro economics textbooks in India
Wonder why macroeconomics textbooks do not include the effect of leakages in government transfers, leakages in government revenues, and the overall black economy as such on national income, inflation, employment and interest rates. Has there been sound research in these areas and have these variables been explicitly modeled?
1 Comments:
Atul,here is a good book with applications on Indian data.
http://wps.pearsoned.com/dsouza/
There are so many other applied macroeconomics book. With a little more googling, you can discover them.
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