The fiscal conundrum: can monetisation of sovereign bonds by RBI be a post-pandemic booster shot?

In the world of behavioural finance, ‘the game of chicken’ is often cited as a useful analogy to explain human fallibility. The phrase, according to some, has its origin in a dangerous game in which two drivers are headed on a collision course at high speeds and one of them must swerve to avoid a crash that could kill both. And the one who changes direction to avert the accident will go back home with the tag of a ‘chicken’, or a coward, if

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