The central banks' lack of understanding about the non-monetary components of inflation in times of war and crisis, driven by disruptions in supply chains is reflected in its policy to tackle inflation through a series of interest rate hikes.

 

The US Federal Reserve increased policy …

 

At the outset Lekha S Chakraborty makes a significant observation about the role of fiscal transfers to generate a …

The public budget of a country is one of the earliest economic tools that economists and accountants have had available over the years for their theorizing and their analyzing. Public budgets became available when the public accounts of countries could be separated from the private accounts of those who …

NEW DELHI – In order to achieve its medium-term fiscal consolidation aim of below 4.5% of GDP by 2025-26 (Apr-Mar), the government needs to increase the tax buoyancy since compression of expenditure would hurt economic growth, says Lekha S. Chakraborty, a professor at the National Institute of Public Finance …

(Co-authored with Pramod Sinha and Rachna Sharma)

 

Background

 

In recent months, there has been a growing concern around elevated services inflation. In the US, while the falling goods inflation has helped pull down the overall inflation, the pace of price increases among …