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Table 3 Impulse responses disaggregated by time frame

From: Fiscal dominance in India: an empirical estimation

Accumulated responses REALIRATE to BAL
Period 1978–2003 2004–2019
1 1.035256 0.762409
2 1.359233 2.317691
3 1.524168 1.854152
4 2.230044 1.235181
5 2.797154 0.391948
  GROWTH to REALIRATE
1 0.110835 0.274898
2 − 1.044965 0.14902
3 − 0.868632 0.488311
4 − 0.649816 0.541051
5 − 0.327392 0.71866
  GROWTH to BAL
1 0.668604 − 2.104355
2 1.368975 − 3.652994
3 1.805271 − 4.646886
4 3.060982 − 6.41409
5 3.741485 − 9.122697