August 20, 2017

Cut the Monetary Policy Committee Some Slack

Resident Senior Fellow Vivek Dehejia writes in Mint to defend India's Monetary Policy Committee's overestimation of inflation:

 

"Evidently, something systemic is at work here, not the putative machinations of an MPC deliberately overestimating inflation in order to keep interest rates higher than they should be."

 

Read full piece here.

Topic : State Capacity / In : OP-EDS
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