June 19, 2019
Five policy reforms to jump-start growth
How can India put in place policy reforms to raise GDP growth without creating macroeconomic instability?
June 06, 2019
India’s macroeconomic policy playbook is ripe for a debate
This is an opportune time to revisit the 2-4-6-8 framework that sets economic targets for achieving sustained high growth.
May 22, 2019
The immediate challenges for the next finance minister
The country’s current macroeconomic indicators should not cause any alarm but the economy’s direction is worrisome.
April 25, 2019
The ongoing churn in Indian capitalism and the Sensex
The frequent churn in the Sensex is as much a testament to the dynamic nature of the Indian economy as the decline of a once-dominant airline, Jet Airways, which suspended operations last week.
February 26, 2019
Printing currency isn’t a good way to finance deficit
The increased use of seigniorage in an inflation-targeting regime is likely to be self-defeating.
December 05, 2018
MPC should take rate hikes off the table
The current combination of benign inflation as well as slower economic growth means that there is no reason at all for the MPC to increase rates this week.
April 23, 2018
How Milton Friedman and Edmund Phelps changed macroeconomics
None of the contemporary debate would have been possible without the googly that Milton Friedman and Edmund Phelps threw at the economics profession.
February 12, 2018
India’s protectionist folly
Tariff hikes in the Union Budget 2018-19 reflects an erroneously mercantilist mindset
December 18, 2017
A geometry of international trade
The classic 1952 monograph by economist James Meade beautifully and systematically exposits the propositions of modern trade theory through geometric methods.
August 20, 2017
Cut the Monetary Policy Committee Some Slack
Why has India's Monetary Policy Committee erred on overestimating inflation in the last two interest rate-setting decisions?