An autonomous research institute under the Ministry of Finance

 

Macroeconomics

A note on demonetization

16/11/2016

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The assessment, in this note on demonetisation, is not in the nature of a cost-benefit analysis and does not take account of: (a) cost to the government (of implementing this exercise), (b) hardship that the citizenry may have to put-up with, (c) the private costs that people may have …

Impact of demonetization

16/11/2016

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The demonetization of Rs 500 and Rs 1000 amounts to a significant monetary tightening especially for the informal sector and is likely to affect production and economic activity in this quarter. Rs 500 notes constitute the bulk of the currency used for transactions in the Indian economy. Along with …