Tag Search: “monetary policy”
Reining in gold imports
In an attempt to reduce gold imports, the Indian government has proposed three new schemes – gold monetisation, sovereign gold bonds, and domestic production of branded gold coins. In this article, P...
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Gurbachan Singh
12 June, 2015
- Perspectives
Where is India's growth story headed?
The global financial crisis and domestic policy paralysis led to a decline in firms’ investment activities and investors’ business confidence in India. Could this have affected the economy’s long-ter...
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Ila Patnaik
Madhavi Pundit
25 May, 2015
- Articles
Responding to external shocks
Following the global financial crisis of 2007-08, the Indian economy was exposed to various shocks. While the major source of shocks was external, the effects were magnified by certain lapses in dome...
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Ashima Goyal
30 April, 2015
- Articles
Will India really grow faster than China?
According to the IMF, India will overtake China to be the fastest growing economy this year. In this article, Chetan Ghate and Peter Robertson assess the validity of this claim. In their view, the ch...
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Chetan Ghate
Peter Robertson
23 March, 2015
- Perspectives
The nuances of inflation targeting in India
How prepared is India for inflation targeting? This column suggests that the larger weight assigned by the RBI to tackling inflation over the years, relative to other policy objectives such as stabil...
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Abhijit Sen Gupta
Rajeswari Sengupta
16 March, 2015
- Articles
Evaluating the risks of inflation targeting in India
The adoption of flexible inflation targeting by the Indian government and RBI is a landmark change in the country’s monetary policy. In this article, Renu Kohli - a macroeconomic policy specialist - ...
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Renu Kohli
03 March, 2015
- Perspectives
Big and small ideas in development economics: Theory, evidence and practice
Karthik Muralidharan, Associate Professor of Economics, University of California, San Diego speaks with Kaushik Basu, Chief Economist and Senior Vice President, World Bank and former Chief Economic A...
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Kaushik Basu
Karthik Muralidharan
03 February, 2015
- Videos
Targeting nominal GDP
Central banks, especially in developing countries, still seek transparent and credible communication. Yet signalling intentions in the conduct of monetary policy sometimes creates undesirable constra...
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Pranjul Bhandari
Jeffrey Frankel
08 January, 2015
- Articles
India's macroeconomic outlook
With falling inflation, high forex reserves and the new government embarking on a broad reform agenda, things seem to be looking up for India. In this article, Eswar Prasad shares his macroeconomic o...
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Eswar Prasad
16 December, 2014
- Perspectives
Should India embrace inflation targeting?
The Urjit Patel Committee recommended the formal adoption of an inflation targeting regime for India. In this article, Iyanatul Islam compares the views of the current RBI Governor with those of his ...
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Iyanatul Islam
12 December, 2014
- Perspectives
From tapering to tightening: The impact of the Fed's exit on India
India was among the hardest hit by the Fed’s ‘taper talks’. This column argues that this impact was large for two reasons. First, India received huge capital flows before. This had made it a convenie...
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Kaushik Basu
Barry Eichengreen
Poonam Gupta
27 November, 2014
- Articles
Revisiting Indian inflation
Persistently high inflation is a key challenge facing India today. This column analyses long-term trends in Indian inflation and causal factors. It also discusses the current thinking of the RBI on r...
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Kirti Gupta
Fahad Siddiqui
10 October, 2014
- Articles