It’s interest rates, stupid
Inflation is down by 700 bp since 2013, and policy rates have declined by 200bp — and you are still wondering why GDP growth is slow?
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Inflation is down by 700 bp since 2013, and policy rates have declined by 200bp — and you are still wondering why GDP growth is slow?
In India we have a monetary authority that admits to not understanding inflation — but persists in damaging an already weak economy because it does not understand it
Average CPI inflation for eight months since September 2016 has been 3.7 per cent. How long are you going to wait and watch, MPC, before you admit that you were wrong in your assessment?
One logical way for the MPC to change course and lower rates is by being Keynesian at the June 7 meeting — the facts have changed, so we have changed our mind
The inflation forecast is the most important aspect of the most crucial economic decision that the RBI makes — it needs to be more in tune with reality.The Indian economy has likely gone through a mega structural-break experience via demonetisation....
A ‘rate hike in time is just fine’ is a wise RBI saying. With CPI inflation at near-historic lows, this must mean, according to the RBI law of mean reversion, that the future will bring high inflation. Hence, the urgent...
RBI’s obstinate refusal to cut policy rates, and the moving of its policy stance from neutral to accommodative, is not based on economic logic. Both headline and core inflation data argue for a rate cut
Budget 2017-18 is probably the most brilliant economic and political document since the path-breaking budget of 1991
A meaningful reduction in effective corporate tax rates to around 20 per cent is the correct follow-through to the logic, and pain, of demonetisation.
The finance minister can cut everyone’s tax burden, even pay the poor, and be revenue neutral by cutting sops