IT remains a genuine confusion as to whether invoking “escape clause” to deviate from the fiscal consolidation path is in response to the unanticipated outcome of structural policy announcements or whether it is for increasing capital spending.

 

Economists often push the idea that strict adherence …

From fiscal goals and meaningful allocations to boosting growth and being accountable, Budget 2020 provides the opportunity for a new narrative.

 

Unlike earlier years, the ‘economics of the government’ is no longer exclusively revealed on Union budget day, where the finance minister would announce new economic …

Violence against women is as much an economic policy issue as a social one. Macroeconmic policy, governance must set the standards for women’s safety.

 

Beyond online activism on #RapeinIndia remarks, it is high time safety and security of women in India receives serious bi-partisan priority. It …

Identifying innovative sources of financing the deficit is significant to maintain the high human development achievements of the state and also the growth-inducing capital infrastructure formation in Kerala.

 

Recent reports from RBI and Niti Aayog highlight the remarkable achievements of Kerala in education, health and nutrition; …

Economists often trace back the institutional linkages between fiscal and monetary authorities to ‘Unpleasant Monetary Arithmetic’ (UMA) of Thomas J Sargent and Neil Wallace. This UMA regime deals with the question of who “dominates” and who gets the “first-mover advantage” in policy decisions to finance the fiscal deficits. The …