Tag Search: “monetary policy”
Responding to external shocks
Following the global financial crisis of 2007-08, the Indian economy was exposed to various shocks. While the major source of shocks was external, the effects were magnified by certain lapses in dome...
- Ashima Goyal
- 30 April, 2015
- Articles
Will India really grow faster than China?
According to the IMF, India will overtake China to be the fastest growing economy this year. In this article, Chetan Ghate and Peter Robertson assess the validity of this claim. In their view, the ch...
- Chetan Ghate Peter Robertson
- 23 March, 2015
- Perspectives
The nuances of inflation targeting in India
How prepared is India for inflation targeting? This column suggests that the larger weight assigned by the RBI to tackling inflation over the years, relative to other policy objectives such as stabil...
- Abhijit Sen Gupta Rajeswari Sengupta
- 16 March, 2015
- Articles
Evaluating the risks of inflation targeting in India
The adoption of flexible inflation targeting by the Indian government and RBI is a landmark change in the country’s monetary policy. In this article, Renu Kohli - a macroeconomic policy specialist - ...
- Renu Kohli
- 03 March, 2015
- Perspectives
Big and small ideas in development economics: Theory, evidence and practice
Karthik Muralidharan, Associate Professor of Economics, University of California, San Diego speaks with Kaushik Basu, Chief Economist and Senior Vice President, World Bank and former Chief Economic A...
- Kaushik Basu Karthik Muralidharan
- 03 February, 2015
- Videos
Targeting nominal GDP
Central banks, especially in developing countries, still seek transparent and credible communication. Yet signalling intentions in the conduct of monetary policy sometimes creates undesirable constra...
- Pranjul Bhandari Jeffrey Frankel
- 08 January, 2015
- Articles
India's macroeconomic outlook
With falling inflation, high forex reserves and the new government embarking on a broad reform agenda, things seem to be looking up for India. In this article, Eswar Prasad shares his macroeconomic o...
- Eswar Prasad
- 16 December, 2014
- Perspectives
Should India embrace inflation targeting?
The Urjit Patel Committee recommended the formal adoption of an inflation targeting regime for India. In this article, Iyanatul Islam compares the views of the current RBI Governor with those of his ...
- Iyanatul Islam
- 12 December, 2014
- Perspectives
From tapering to tightening: The impact of the Fed's exit on India
India was among the hardest hit by the Fed’s ‘taper talks’. This column argues that this impact was large for two reasons. First, India received huge capital flows before. This had made it a convenie...
- Kaushik Basu Barry Eichengreen Poonam Gupta
- 27 November, 2014
- Articles
Revisiting Indian inflation
Persistently high inflation is a key challenge facing India today. This column analyses long-term trends in Indian inflation and causal factors. It also discusses the current thinking of the RBI on r...
- Kirti Gupta Fahad Siddiqui
- 10 October, 2014
- Articles
Is the rupee fairly valued?
Is the rupee fairly valued, and should the RBI allow it to appreciate beyond its current rate? This column analyses new World Bank data and finds that the rupee is persistently undervalued by 30% or ...
- Martin Kessler Arvind Subramanian
- 27 August, 2014
- Articles
Keys to successful reform in India
The new Indian government’s first budget - due to be unveiled this week – will be an important indicator of how forcefully the new PM intends to translate his mandate of putting India’s economy back ...
- Eswar Prasad
- 09 July, 2014
- Perspectives