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Greening monetary policy: Lack of appropriate and adequate tools is an insufficient argument
22/10/2021
India was the first to integrate climate change in inter-governmental fiscal transfers.
Climate change brings risks and uncertainty. How well monetary policy can incorporate these risks and uncertainties is a question many economists ask. There is a broad consensus among economists that fiscal policy can deal with the climate ...
Growth First
14/10/2021
RBI is grapping with multiple challenges. For now, it has made its priority clear
In the recent Jackson Hole economic symposium and the FOMC (Federal Open Market Committee) meeting, US Fed Chair Jay Powell specified the likelihood of tightening US monetary policy by reducing the balance sheet of the ...
Even in a state like Kerala, higher human development indices have not translated into equally solid gender outcomes.
An interesting public policy question that has emerged over the last few years is why high human development indices are not translating into a better ‘gender status’ for Kerala.
The ...
(Co-authored with Lekha Chakraborty)
Given that a timely deficit may not have adverse macroeconomic consequences, surviving this pandemic first by enhancing the required spending is crucial
As India reels from a new wave of COVID-19, concerns are being raised about the premature halt to its economic recovery. After ...
An Uneven Recovery
25/03/2021
(Co-authored with Lekha Chakraborty)
US Recovering faster than emerging economies presents a policy challenge for latter.
With the passage of Joe Biden’s $1.9 trillion coronavirus relief package receiving final backing from the US House of Representatives, the cumulative fiscal stimulus to heal the pandemic-scarred US economy ...