000			03814cam a22005175i 4500
999			_c113921 _d113921
001			20814745
003			OSt
005			20200910123657.0
008			180713s2018 ii b 001 0 eng d
010			_a 2018320412
020			_a9789352872817 _q(hardback)
020			_a9352872819
025			_aI-E-2018320412 ; 79-91
035			_a(OCoLC)on1044921905
035			_a(OCoLC)1044921905
037			_bLibrary of Congress -- New Delhi Overseas Office
040			_aDKAGE _beng _erda _cDKAGE _dOCLCF _dDLC
042			_alccopycat _alcode
043			_aa-ii---
050		4	_aHF5482.65.I4 _bC43 2018
082	0	4	_a332.4954 CHA _223
100	1		_aChattopadhyay, Saumen, _eauthor.
245	1	0	_aMacroeconomics of the black economy / _cSaumen Chattopadhyay.
264		1	_aHyderabad, Telangana, India : _bOrient BlackSwan, _c2018.
300			_axx, 276 pages ; _c23 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (pages 251-266) and index.
505			_aContents: Preface. 1. Conceptualising corruption and the black economy. 2. Estimation of corruption and the black economy. 3. Real sector and the black economy. 4. Monetary sector and the black economy. 5. Accounting for illicit flows in an open economy. 6. Revisiting the Indian economy. Appendices. References. Index. In the clamour around the demonetisation of high-value Indian currency notes in 2016, a few questions were never asked: What is the black economy? Does it only include the illegal sector, i.e. drug trafficking and the like? How do we take into account illegal earnings from the legal sector, i.e. unreported or tax-evaded income? How do these illegal earnings contribute to consumption, and therefore money circulation? Do black profits slow down money circulation, or accelerate it? Macroeconomics of the Black Economy answers these questions and explains how we can factor in the entire gamut of illegalities when we study the economy as a whole. It looks at the concepts and measures of the black economy, its sources and mechanisms, and its implications for development policy. Moving away from previous studies that examine corruption and tax evasion only from a microeconomic perspective, this book analyses the implications of these measures for the macro-economy as a whole. The book begins with a detailed study of early attempts at modelling the black economy. The author then incorporates black incomes into this model of estimation and studies its impact on the government expenditure multiplier. Following this, he studies the implications of the black economy on external balance, by reformulating the balance of payment to study illegalities in exports and imports, and illegal flight of capital through hawala and other channels in an open economy. The book ends with a detailed study of the Indian macro-economy in the light of these insights. This work applies not only to India but also to every developing economy around the world, and will interest students of economics and development studies
648		7	_a2000-2099 _2fast
650		0	_aBlack market _zIndia.
650		0	_aMonetary policy _zIndia.
650		0	_aTaxation _zIndia.
650		7	_aBlack market. _2fast _0(OCoLC)fst00833723
650		7	_aEconomic history. _2fast _0(OCoLC)fst00901974
650		7	_aEconomic policy. _2fast _0(OCoLC)fst00902025
650		7	_aMonetary policy. _2fast _0(OCoLC)fst01025230
650		7	_aTaxation. _2fast _0(OCoLC)fst01143876
651		0	_aIndia _xEconomic conditions _y21st century.
651		0	_aIndia _xEconomic policy.
651		7	_aIndia. _2fast _0(OCoLC)fst01210276
906			_a7 _bpar _ccopycat _d3 _encip _f20 _gy-gencatlg
942			_2ddc _cBK