Tag Search: “monetary policy”
Pre-election Budget 2023-24: Short on extravagance, long on substance
The Union Budget presented earlier this month was the last full-year budget before next year's general elections. Rajat Kathuria looks back to India's economic performance in 2014 and suggests that th...
-
Rajat Kathuria
22 February, 2023
- Perspectives
Budget 2023-24: Some good and no harm
Following the budget speech, Deepak Mishra weighs in on the extent to which the three goals of higher growth, better distribution, and stability were met. He discusses the Finance Minister’s success i...
-
Deepak Mishra
03 February, 2023
- Perspectives
Budget 2023-24: A wish list of priorities
Ahead of the release of the Union Budget for FY2023-24, Chetan Subramanian reveals his expectations about the government’s key priorities and how they could balance multiple objectives. He discusses t...
-
Chetan Subramanian
31 January, 2023
- Perspectives
Banks, finance and the 2022 Economics Nobel Prize
This year the Nobel Prize in Economics was awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig for their work on the role of banks in the economy, particularly during financial crises. In this ...
-
Amartya Lahiri
26 October, 2022
- Perspectives
The low productivity trap of collateralised lending for MSMEs
The share of bank credit extended to MSMEs increased dramatically during the pan-demic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this gr...
-
Harsh Vardhan
07 October, 2022
- Perspectives
Not exactly bad news: Fed tightening cycle’s implications for emerging markets
The conventional perception, that US Federal Reserve rate hikes necessarily imply capital outflows from emerging markets, is an incomplete assessment. This article disaggregates Fed hikes’ effects on ...
-
Gabriele Ciminelli
John Rogers
Wenbin Wu
15 June, 2022
- Articles
An illusory Phillips curve: Is now the right time for a rate hike?
The Phillips curve represents an inverse relationship between inflation and unemployment. In this post, Parantap Basu argues that the ‘illusory’ Phillips curve in western industrial nations is driven ...
-
Parantap Basu
19 May, 2022
- Perspectives
International financial architecture and emerging economies
Policy responses to Covid-19 have been a mix of fiscal and monetary policy – with the latter doing the heavy-lifting in both developed and developing countries. Against this backdrop, in this edition ...
-
Viral Acharya
Amartya Lahiri
05 April, 2022
- Videos
International financial architecture and emerging economies
Policy responses to Covid-19 have been a mix of fiscal and monetary policy – with the latter doing the heavy-lifting in both developed and developing countries. Against this backdrop, in this edition ...
-
Viral Acharya
Amartya Lahiri
05 April, 2022
- Podcasts
How do RBI’s actions (and words) affect financial markets?
Financial markets in developed countries are known to react substantially to monetary shocks, that is, surprise changes in policy rates announced by the central bank. Based on a narrative analysis of ...
-
Aeimit Lakdawala
Rajeswari Sengupta
09 March, 2022
- Articles
Budget 2022-23 and outlook for the Indian economy
Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other han...
-
Ashok Kotwal
Pronab Sen
03 March, 2022
- Podcasts
Budget 2022-23 and outlook for the Indian economy
Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other han...
-
Ashok Kotwal
Pronab Sen
03 March, 2022
- Videos