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Tag Search: “monetary policy”

RBI’s costly experiments with the currency

During 2023-2024, the average annual volatility of the rupee-dollar exchange rate was 1.8% – the lowest in over two decades. In this post, Patnaik, Pandey and Sengupta explain why sudden and sharp low...

  • Perspectives

Union Budget 2025-26: Many small measures but lacks big ideas

The Finance Minister recently presented the Union Budget for 2025-26. In this post, Rajeswari Sengupta notes that the most significant aspect of this Budget is the fiscal stimulus aimed at middle-clas...

  • Perspectives

High public debt in India: 9 stylised facts

The Covid-induced surge in public debt in India was unique compared to its own history, but also bigger and driven by different factors relative to the average emerging market economy. In this post, M...

  • Perspectives

Synthetic Control Method: Opportunity for policy evaluation

Policy evaluation involves estimating the effect of an intervention, by comparing outcomes in units subjected to the intervention with otherwise similar units not subjected to intervention. However, t...

  • Perspectives

Policy Roundup: Fed rate cut, ageing South India, Cyclone Dana, crypto regulation

This post presents our monthly curation of developments in the Indian policy landscape – highlighting I4I content pertaining to the impact of US monetary policy announcements on emerging economies, fe...

  • Perspectives

When is corporate debt a threat to macroeconomic stability?

Since the 2007-08 Global Financial Crisis, policymakers have focused on household debt as the primary risk factor for macroeconomic stability. Should they be similarly worried about corporate debt? Ba...

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WazirX: Socialisation of losses and need for financial regulation

The cryptocurrency exchange WazirX recently faced a security breach resulting in huge losses for its users. In this post, Nipuna Varman evaluates the ‘loss socialisation’ recovery plan that was initia...

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Uneven resilience: Why some emerging markets better navigate US monetary policy cycles

As the US dollar and monetary policy continue to have a significant impact on global financial dynamics, some emerging markets are observed to be more resilient than others to the policy cycles. Analy...

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How RBI’s macroprudential policies shape housing loan decisions

The recent surge in housing finance in India calls for a robust regulatory framework to ensure financial stability and avert overheating of the housing market. Using data on individual mortgage loans ...

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RBI’s extraterritorial influence on the rupee market

The emergence of the offshore non-deliverable forward market in the rupee has made it more challenging for the RBI to maintain exchange rate stability. In this post, Datta and Sengupta explain the dri...

  • Perspectives

Ideas@IPF2024 series: Research from NCAER’s India Policy Forum

Every year, National Council of Applied Economic Research hosts the India Policy Forum, a platform where economists and policymakers dissect research ideas for their relevance to public policy. Follo...

  • Symposium

Embracing the melody of dissent: A symphony in policymaking

In recent times, members of the Monetary Policy Committee of the Reserve Bank of India, have expressed views that are contrary to the MPC’s official stance. This article investigates the influence of ...

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