June 06, 2019
India’s macroeconomic policy playbook is ripe for a debate
This is an opportune time to revisit the 2-4-6-8 framework that sets economic targets for achieving sustained high growth.
February 13, 2019
Has India successfully tamed the inflation dragon?
India has contained inflation in recent years, but it is risky to say that it has decisively won the battle
January 24, 2019
India now faces its own version of Soviet Union’s scissors crisis
Managing relative price of food in terms of industrial goods will be one of the biggest policy challenges for the government.
October 22, 2018
There are no viable alternatives to inflation targeting
Early evidence suggests that inflation targeting has been working in India in the few years since the inception of the new policy framework
October 17, 2018
The great Indian inflation puzzle
The initial success of flexible inflation targeting by RBI’s monetary policy committee is undoubtedly welcome, but the acid test lies ahead
October 08, 2018
Ill winds blow on Mint Road
The appointment of S. Gurumurthy to the RBI board suggests that the government is abandoning conventional economics in favour of its putative Indic alternative
August 29, 2017
Calls to Weaken Rupee are Misguided
The need for India to allow the market to freely determine the value of the Rupee while focussing on its inflation-targeting monetary policy regime.
August 20, 2017
Cut the Monetary Policy Committee Some Slack
Why has India's Monetary Policy Committee erred on overestimating inflation in the last two interest rate-setting decisions?
February 27, 2017
Trump is on the Money on US Fed
The need for the US Fed to move away from unconventional monetary policies towards fixed, rule-based inflation targeting.
November 21, 2016
The Case for Sound Money
Over the course of history, trust in fiat currency has most often been weakened by erratic and high inflation, and shattered after episodes of hyperinflation.