An autonomous research institute under the Ministry of Finance


RBI’s hawkish stance on liquidity


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With inflation rising, a slower monetary policy tightening by RBI could accelerate de-anchoring of inflation expectations. RBI might “bite the bullet” by hiking policy rates in upcoming MPC meetings.
Against the backdrop of mounting global uncertainties emanating from the Ukraine war and the energy price volatility, RBI has taken ...

Evaluating The After Effects Of Covid-19- Fiscal Policy Options


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That the fallout of Covid 19 was akin to a war, and on several counts more adverse, was both understood and acknowledged from the outset. No sector of the economy was left untouched with livelihoods, incomes and employment severely impacted. If there was unanimity on any issue, it was that ...

Covid-19: Overcoming Economic Slowdown and Financial Stress for building Resilience


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Extracted from a presentation in the Plenary session of the 5th World Congress on Disaster Management, New Delhi on Technology, Finance, Capacity for Building Disaster Resilience.


In the wake of COP-26 which emphatically brought to fore the vulnerability of the developing countries and the vast majority of the population ...

Fragile Futures: The Uncertain Economics of Disasters, Pandemics and Climate Change


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Classical economics was developed for a stable world, for a world that developed along  Darwinian ecological ways. It was realized that individuals faced some future risks (illnesses, death, accidents, unemployment, etc.). These risks could be dealt with by private insurance companies, which developed accordingly. They could also be dealt with ...

Greening monetary policy: Lack of appropriate and adequate tools is an insufficient argument


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India was the first to integrate climate change in inter-governmental fiscal transfers.
Climate change brings risks and uncertainty. How well monetary policy can incorporate these risks and uncertainties is a question many economists ask. There is a broad consensus among economists that fiscal policy can deal with the climate ...