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References

Balassone, F. and D. Franco (2000), “Public Investment, the Stability Pact and the Golden rule”, Fiscal Studies, No. 21,Vol. 2, pp. 207-29.

Blanchard, O., J.C. Chouraqui, R.P. Hagemann and N. Sartor (1990), “The Sustainability of Fiscal Policy: New Answers to An Old Question”, OECD, Economic Studies, No. 15, pp. 7-36.

Buiter, W.H. (1985), “A Guide to Public Sector Debt and Deficits”, Economic Policy No. 1, pp. 612-635.

Buiter, Willem H. and Urjit R. Patel (2010), “Fiscal Rules in India: Are they effective”, Working Paper 15934, National Bureau of Economic Research, April.

Canuto, O and L. Liu (2010), “Subnational Debt Finance: Make it Sustainable”, Subnational Debt Finance and the Global Financial Crisis, World Bank Economic Premise Note, No. 13, Washington, DC.

Chalk, Nigel and R. Hemming (2000), “Assessing Fiscal Sustainability in Theory and Practice’’ IMF Working Paper, WP /00/81 Washington DC, April.

Dholakia, Ravindra H. and N. Karan (2004),“Consistent Measurement of Fiscal Deficit and Debt of States in India”, Working Paper WP 2004-07-05, Indian Institute of Management, Ahmedabad, July.

Dholakia, Ravindra H., T.T. Ram Mohan and N. Karan (2004), “Fiscal Sustainability of Debt of States”, Report submitted to Twelfth Finance Commission, New Delhi, Indian Institute of Management, Ahmedabad, May.

Domar, E.D. (1944), “The Burden of the Debt and the National Income”, American Economic Review, December.

Escolano, J., Luc Eyraud, Marialuz Moreno Badia, Juliane Sarnes, and Anita Tuladhar (2012), “Fiscal Performance, Institutional Design and Decentralization in European Union Countries”; IMF Working Paper, WP/12/45, JEL Classification Numbers:H71, H77, H30.

Government of India (2009), “Report of the Thirteenth Finance Commission”, New Delhi Goyal,Rajan, Jeevan Khundrakpam and Partha Ray (2004), “Is India’s Public Finance Unsustainable? Or, Are the Claims Exaggregated?” Journal of Policy Modelling, 26; 401-420.

Lemmen, J. (1999), “Managing Government Default Risk in Federal States”, Financial Markets Group, Special Paper No. 116, London School of Economics, August.

Quintanilla, J. C. (2009), “Public Finance Sustainability in Subnational Governments”, Publication No. 12, Debt Relief International, London, November.

Rangarajan, C. and Abha Prasad (2012), “Managing State Debt and Ensuring Solvency- The Indian Experience”, WPS6039, Policy Research Working Paper, The World Bank, Economic Policy and Debt Department, April.

Rajaraman, I., S. Bhide and R.K. Pattnaik (2005), “A Study of Debt Sustainability at State Level in India”, Reserve Bank of India, August.

Reserve Bank of India (2005), “Report of the Working Group on Compilation of State Government Liabilities”, December.

Rodden, J. (2001), “The Dilemma of Fiscal Federalism: Grants and Fiscal Performance around the World”, American Journal of Political Science, 46.

Schaechter, A., Tidiane Kinda, Nina Budina, and Anke Weber (2012), “Fiscal Rules in Response to the Crisis–Toward the “Next-Generation” Rules. A New Dataset”, WP/12/187, IMF Working Paper, Fiscal Affairs Department.

Simone, A. S. and P. Topalova (2009), “India’s Experience with Fiscal Rules: An Evaluation and The Way Forward”, IMF Working Paper, WP/09/175, Asia and Pacific Department.

Sutherland, D., R. Price, and I. Joumard (2005), “Fiscal Rules for Sub-Central Level of Governments: Design and Impact”, OECD Economics Department Working Paper, No 465, OECD, Paris.

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