An autonomous research institute under the Ministry of Finance

 

Economic policy

Intuition, not prediction

05/06/2020

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There is a difference between an estimate, a projection, and a forecast. Projections extrapolate on past trends. Forecasts are based on an economic model that uses data to forecast future economic magnitudes.
 
The Covid crisis makes “data driven” projections inaccurate, as the past provides zero guidance for the future ...

Adequate Budgets for Children is key to sustainable development

06/07/2019

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Adequate Budgets for Children is key to sustainable development 
Modi 2.0 Budget: Good initiatives; More needed for Every last Child
Amarnath Habbar Kalle, NIPFP, Alka Singh, Save the Children
With Inputs from Rohit Dutta,  NIPFP and Shivani Bhaskar, Save the Children
 
2019 marks completion of 30 years ...

Hunting the Heffalump

19/06/2019

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Hunting the Heffalump
Rathin Roy and Amey Sapre
 
The analytics used by Arvind Subramanian to argue over-estimation of GDP is flawed on a number of counts
 
Arvind Subramanian (AS) has written a working paper  in which he argues that “actual GDP growth” may have been 4.5 per ...

Why Economic Policymakers are silent on #MeToo ?

29/10/2018

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When #metoo revelations hit the global conscience as a compelling case for strengthening Women’s Economic Empowerment (WEE), one crucial question that remains unanswered is what exactly the macroeconomic policy makers of our country think about it. 
 
Can macroeconomic policy makers be indifferent to such issues, dismissing it as ...

Economic policy making: Moving on

05/10/2018

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Gita Gopinath, incoming economic counsellor to the International Monetary Fund (IMF), and Paul Krugman, recipient of the 2008 Economics Nobel prize, have separately made important contributions to thinking about economic policy that are highly relevant for India. They argue that* (1) cookie-cutter macroeconomics needs to be questioned in its foundations ...