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Tag Search: “monetary policy”

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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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...

  • 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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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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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...

  • 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...

  • 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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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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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...

  • 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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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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Should low-income countries open up to foreign capital? The India experiment

In 2001 and 2006, India introduced the automatic approval of foreign direct investments of up to 51% of domestic firms’ equity to industries in which foreign investment was initially restricted. This ...

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