An autonomous research institute under the Ministry of Finance

 

A common economic programme for India

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03/05/2019

The economic programme of any party or coalition that is serious about transforming India must be underpinned by four economic objectives.
 
A development transformation involves progress on many fronts, but there can be no transformation without high, stable, and inclusive economic growth. The economic programme …

Indian Fiscal Federalism: A Few Empirical Questions

11/04/2019

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The book titled “Indian Fiscal Federalism” co-authored by Y V Reddy and G R Reddy is written from a “practioner’s perspective”. The simplicity of this book is appealing, especially when the content of the book is about a very complex set of rules and games between the Centre and …

The Political Economy of Justice

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05/04/2019

The second theorem of welfare economics posits that any desired income distribution can be achieved when an economy is at full potential by taxing those who earn more than society wishes and transferring these to those who earn less. I have previously argued that universal basic income proposals essentially …

Fiscal Monetary Co-ordination: insights from Kalecki

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05/04/2019

The coordination of fiscal and monetary policy is a difficult challenge for all economies. Coordinating fiscal and monetary policy involves specifying an analytical framework that is shared by the institutions responsible for these policies, namely, the government and the central bank. Without such a framework there is dissonance about …

Looking at budget through ‘gender lens’

05/04/2019

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The announcements for women in a budget are just the tip of the iceberg. An intelligent woman can ask: how much of these announcements are backed by real budgetary allocations?
 
The announcements for women in a budget are just the tip of the iceberg. An …