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More »Greening monetary policy: Lack of appropriate and adequate tools is an insufficient argument
22/10/2021
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 …
Growth First
14/10/2021
RBI is grapping with multiple challenges. For now, it has made its priority clear
In the recent Jackson Hole economic symposium and the FOMC (Federal Open Market Committee) meeting, US Fed Chair Jay Powell specified the likelihood of tightening US monetary policy by reducing the …
Even in a state like Kerala, higher human development indices have not translated into equally solid gender outcomes.
An interesting public policy question that has emerged over the last few years is why high human development indices are not translating into a better ‘gender status’ …
The government must loosen its purse strings
18/03/2021
(Co-authored with Emmanuel Thomas)
Given the limitations of monetary policy, a fiscal push is crucial for sustained growth recovery.
That the Indian economy has managed to exit a “technical recession” to grow at 0.4 per cent in the third quarter is heartening indeed. …
A gender lens on recovery packages
15/03/2021
Exuberance in financial markets alone is no indicator of recovery. Sans response in terms of gender equality, recovery will be unsustainable
The United Nations Secretary General has called for an emergency pandemic response package, with a threshold of 10% of the GDP. A Policy Support Tool …