Tag Search: “monetary policy”
Does easing controls on foreign borrowing boost firm performance?
The literature shows that rigid capital-control policies adversely influence international trade, but overlooks the relationships among access to external financing, firm-level productivity, and expor...
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Udichibarna Bose
Sushanta Mallick
Serafeim Tsoukas
17 July, 2020
- Articles
The supply-side effects of India’s demonetisation
What were the effects of the 2016 Indian demonetisation that removed 86% of currency in circulation overnight, on the production side of the economy? By combining data from financial statements and su...
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Giri Subramaniam
03 July, 2020
- Articles
Covid-19, and the way to avoid a blunt interest rate policy
Given the looming recession due to Covid-19, the Reserve Bank of India has reduced interest rates to encourage economic activity in the country. In this post, Gurbachan Singh contends that the prevail...
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Gurbachan Singh
16 June, 2020
- Perspectives
The pandemic and the package
The government has announced a package of fiscal and monetary policy actions, and broader economic reforms to set the economy back on track after the Covid-19 lockdown. In this post, Sengupta and Vard...
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Rajeswari Sengupta
Harsh Vardhan
04 June, 2020
- Articles
Covid-19: Ashok Kotwal speaks with Pronab Sen
In conversation with Ashok Kotwal on the ongoing economic crisis caused by lockdown to mitigate Covid-19 spread, Pronab Sen breaks down the problem into survival of individuals and livelihoods, and th...
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Ashok Kotwal
Pronab Sen
25 April, 2020
- Podcasts
Covid-19: The infected economy
India, along with much of the world, is now in a lockdown. But the cost of locking down the country is particularly high for the urban poor in India. Besides, the reality of urban living reduces the e...
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Amartya Lahiri
18 April, 2020
- Perspectives
Covid-19: Reserves to the rescue
On 27 March 2020, the Government of India announced a relief package of Rs. 1.7 trillion to deal with the Covid-19 crisis and its possible adverse effects on the economy. A view put forth by critics i...
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Gurbachan Singh
11 April, 2020
- Perspectives
Policymaking at a time of high risk-aversion
The key issues in the Indian financial sector in general, and banking in particular, are bearing risk and allocating capital. These are especially important now as India enters into a prolonged phase ...
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Rajeswari Sengupta
Harsh Vardhan
06 April, 2020
- Perspectives
How did demonetisation affect household consumption?
‘Demonetisation’ announced in India in 2016 made 86% of cash in circulation illegal tender overnight. This article finds that it led to a decline in household consumption in the initial months after d...
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Sagar Wadhwa
30 March, 2020
- Articles
Covid-19: Dealing with the economic consequences
In the last two weeks, the Covid-19 pandemic has turned the world economy upside down, and all indicators point to one of the sharpest economic contractions in modern times. In this post, Ram Singh di...
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Ram Singh
25 March, 2020
- Perspectives
Covid-19: Macroeconomic implications for India
Due to the measures adopted to prevent the spread of the Coronavirus Disease 2019 (Covid-19), especially social distancing and lockdown, non-essential expenditures are being postponed. This is causing...
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Rajeswari Sengupta
24 March, 2020
- Perspectives
The electoral consequences of India’s demonetisation
It is widely believed that there may have been little or no electoral consequences of India’s demonetisation in 2016. This article analyses voter behaviour following demonetisation. It finds that plac...
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Gaurav Khanna
Priya Mukherjee
12 February, 2020
- Articles