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KEYNESIAN MACROECONOMICS
Wealth Quote of the Day by John Maynard Keynes: “The importance of money flows from ......” How Keynes challenged classical theory and created modern economics?Wealth Quote of the Day by John Maynard Keynes: “The importance of money flows from it being a link between the present and the future.” Mo...
Beyond slogans, now, please? India needs a GoI-owned, macro framework to address pertinent questionsAmidst global economic uncertainty and faltering domestic growth, there is a need for a transparent macroeconomic framework in India. The c...
View: The FM has grabbed fiscal space to nurture a recovery, but what about the strategy?The budget tilts further in the direction of self-reliance, offering tariff protection to capital goods that feed a range of sectors from c...
India's overall macroeconomic situation on recovery mode but facing stagflation: Kaushik BasuWhile India's GDP is estimated to grow 9.2 per cent in 2021-22, Basu said since this comes after a contraction of 7.3 per cent in 2019-20 d...
Do lower rates hurt savers? Not quite, says RBI researchEconomic models suggest that loss of interest income is made up by a rise in demand and wages, as per views put forth at MPC meeting.
Fixed deposit returns may not rise in near futureEconomists are embracing models that suggest that only some savers lose out but a chunk of them gain through higher economic activity. RBI ...
View: Survey bats for countercyclical fiscal policyFor all the hardships that year 2020 had, the Economic Survey 2020-21 is mostly on expected lines. The Part II of the Survey presents the e...
Difficult to accurately assess economic impact of COVID-19: RBI"COVID-19's epidemiological dynamics are still rapidly evolving in India, rendering difficult an accurate assessment of its full macroecono...
Stimulus at this juncture could threaten near-term macro-economic stability: DBSIt is thereby crucial to ensure the growth turnaround is durable and sustainable, even if slower in the short-term.
Interest rates and inflation: Strategy shift need of the hourMore important, is it possible that an RBI overactive in traditional inflation control measures may have made matters worse?
2010-20 may be a lost decade for global economy: UK economistCambridge-based macroeconomist Michael Kitson warned that there is potential for very poor global performance over the coming decade.
- Economic Survey 2012: How Kaushik Basu jazzed up the survey
The Economic Survey has never been on the must-grab list of design aficionados, although Chief Economic Adviser Kaushik Basu has taken baby...
- Think inflation targeting, put rumours to rest: Kaushik Basu
In a recent paper presented at the Indian Statistical Institute, chief economic advisor to the government Kaushik Basu has deliberated on t...
- Confessions of a deregulator
Back in the late 1990s, in America at least, two schools of thought pushed for more financial deregulation- broadly that of Republican Part...
- Goldman model evokes ancient Egypt's blood-sucking leeches
Economists have been debating the pros and cons of fiscal stimulus since the 1930s, when John Maynard Keynes diagnosed the problem as one o...
Cowry Shells to Helicopter BenIn a true liquidity trap, neither conventional nor unconventional monetary policy works, as transmission channels break down.
- Inflation won't affect savings
When inflation goes up, what happens to the saving rate? Anecdotal evidence does suggest a negative correlation.
- Top of Subbarao's mind: Globalisation, poverty, markets
Over a decade of writing for The Economic Times, Dr Duvvuri Subbarao has voiced his views on a range of subjects. We bring excerpts that of...
- Don't bank on tax cuts: Nobel laureate Phelps
But economics is not evidence-based in selecting its theoretical paradigms. Economic policy initiatives are often taken without all the emp...
- Why Prescott, Kydland won the Nobel
The duo has been awarded for their research work on economic policy making and business cycles.