Tag Search: “monetary policy”
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
Mind the tone: Text analysis of Monetary Policy Committee statements
Government of India appoints three external members on the six-member Monetary Policy Committee, and the statements of all MPC members are released after every committee meeting. Based on data from 30...
- Vidya Mahambare Jalaj Pathak
- 31 January, 2022
- Articles
Understanding ‘consumer price index’ and consumption baskets
The Consumer Price Index (CPI) is used as an indicator in various policymaking contexts, and has gained greater significance since the adoption of the inflation targeting framework in India. In this p...
- Ananya Goyal Radhika Pandey Renuka Sane
- 08 November, 2021
- Perspectives
Understanding the dynamics of the rupee-dollar exchange rate
Since 1993, the Indian rupee (INR) has officially been following a market-determined exchange rate – price is determined by demand for and supply of foreign exchange – with intervention by the Reserve...
- Ila Patnaik Rajeswari Sengupta
- 11 October, 2021
- Perspectives
From abundant global liquidity to selective lending: How corporate finance has changed
Global credit has experienced significant changes in the last two decades. Analysing data on 1,160 Indian firms for the 2000-2017 period, this article shows that in the period following the global fin...
- Chiara Banti Udichibarna Bose
- 30 April, 2021
- Articles
Of twists and turns: Monetary policy and ‘term premium’
As India’s economic growth slowed down in recent years, the reliance on monetary policy to stimulate growth increased significantly – especially during the pandemic. Analysing data from 2018-2020, Raj...
- Rajeswari Sengupta Harsh Vardhan
- 03 March, 2021
- Perspectives