Tag Search: “monetary policy”
The silent reshaping of India’s credit landscape
India’s credit landscape has been undergoing major changes in recent years. In this post, Sengupta and Vardhan discuss five key trends – consumerisation of bank credit, decline in bank deposits, growt...
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Rajeswari Sengupta
Harsh Vardhan
20 May, 2024
- Perspectives
Policy Roundup: Elections, black money, state of the economy
This post presents our curation of key developments in the Indian policy landscape in recent months – highlighting I4I content pertaining to the issues of synchronised elections, funding of political ...
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Nalini Gulati
16 April, 2024
- Perspectives
Growth, well-being and distribution in India in the last decade – I
As India gets ready to vote in the general election, Balakrishnan and Parameswaran present a comprehensive, evidence-based review of the performance of the Indian economy over the past decade. In the ...
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Pulapre Balakrishnan
M. Parameswaran
20 March, 2024
- Perspectives
A more focused RBI: Creating capacity to tackle ‘true’ market failure
Large, routine payments to the government by the public lead to liquidity crunch in the economy, necessitating interventions by the central bank. However, Gurbachan Singh argues that the RBI is better...
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Gurbachan Singh
10 January, 2024
- Perspectives
Forecasting long-run Indian GDP using high-dimensional big data
This article describes an attempt to forecast of India's long-run GDP, which uses using quarterly data on macroeconomic variables from 1996-2021, and a dynamic factor model to establish long-run trend...
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Debajit Jha
Naveen Kumar
Dibyendu Maiti
06 September, 2023
- Articles
Effect of food prices on inflation: Is monetary policy an effective tool?
With rising inflation becoming a global concern, Balakrishnan and Parameswaran discuss some explanations for the high inflation in India. They find that inflation was driven by a domestic rise in food...
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Pulapre Balakrishnan
M. Parameswaran
19 July, 2023
- Articles
India’s debt dilemma
In the fifth article in the Ideas@IPF2023 series, Eichengreen, Gupta and Ahmed reveal how high levels of debt in India limit the resources available for other priorities. At the same time, they predic...
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Ayesha Ahmed
Barry Eichengreen
Poonam Gupta
17 July, 2023
- Perspectives
The past and future of Indian finance
In the fourth article in the Ideas@IPF2023 series, Ruchir Agarwal describes the impact of two economic shocks – the financial crisis of 2018-20 and the Covid-19 pandemic – on the Indian financial syst...
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Ruchir Agarwal
14 July, 2023
- Perspectives
Ideas@IPF2023 series: NCAER’s India Policy Forum– where research meets policy
Every year, the National Council of Applied Economic Research (NCAER) hosts the India Policy Forum (IPF), a platform where economists and policymakers dissect five research ideas for their utility to ...
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Anupma Mehta
10 July, 2023
- Symposium
Is the RBI’s commitment to inflation targeting credible?
Eight years after the adoption of Flexible Inflation Targeting (FIT) by the RBI, Garga, Lakdawala and Sengupta evaluate the success of this framework. They use two approaches to assess the credibility...
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Vaishali Garga
Aeimit Lakdawala
Rajeswari Sengupta
24 May, 2023
- Articles
Priorities for the G20 Finance Track
Considering the macroeconomic challenges faced by emerging markets, Eichengreen and Gupta outline a few key aspects of the financial agenda that G20 members could address. They discuss seven areas of ...
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Barry Eichengreen
Poonam Gupta
03 May, 2023
- Perspectives
Bank failures: what’s the Fed’s role?
Silicon Valley Bank is the largest bank failure in the US since the 2008 financial crisis. Viral Acharya and Raghuram Rajan reflect on this and attribute the bank’s collapse to more than bankers’ mism...
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Viral Acharya
Raghuram Rajan
31 March, 2023
- Perspectives