Government Borrowing and Money Supply

Inquiry into the links between government borrowing and money supply boils down to a discourse on definitions and measures of money supply. Indian economists use the terms ‘money’, ‘money supply’ and ‘money stock’ synonymously. Above literature on definition of money supply reflects intellectual discourses and dialogues among economists, which need concrete shapes in form of measures of money supply, because concrete measures of money supply are more useful than abstract concepts for the purposes of modelling and forecasting.