MPC — you are not in D-School any more
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
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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
For whom will the Gujarat election toll – a confident BJP or a reviving Congress? The opinion polls suggest that Gujarat may not be a Rahul Gandhi moment.
Here is a modest proposal to bring about much-needed accountability to the decisions of the RBI (and MPC): Let the RBI governor be questioned by Parliament twice a year
The first year of operation of the Monetary Policy Committee has imposed considerable costs on the economy with very few benefits. What explains its decisions?
It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.
Surveys on hunger suggest that like poverty, it is more a relative, than absolute, concept. The best policy to increase nutrition is via sanitation and clean water.
We all have a choice — we can either debate evidence, or manufacture conclusions
The incomes of the poorest are rising at a faster pace than any time since January 2015. That could be the reason for Modi winning elections and why the growth slowdown will soon reverse.
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