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(Co-authored with Emmanuel Thomas)
“Fiscal and monetary policy coordination is crucial to sustain the economic recovery. The fact that the wholesale price index (WPI) inflation rate was continuing at two-digit numbers for a year and the CPI has remained above the upper band of 6% …
RBI’s hawkish stance on liquidity
22/04/2022
With inflation rising, a slower monetary policy tightening by RBI could accelerate de-anchoring of inflation expectations. RBI might “bite the bullet” by hiking policy rates in upcoming MPC meetings.
Against the backdrop of mounting global uncertainties emanating from the Ukraine war and the energy price …
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 …
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 …
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’ …