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Tag Search: “monetary policy”

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...

  • 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...

  • 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...

  • 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 ...

  • 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...

  • 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 ...

  • 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...

  • Perspectives

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...

  • 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...

  • 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...

  • 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 ...

  • 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...

  • Perspectives