ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

RohitSubscribe to Rohit

New Macroeconomic Consensus Rules Budget 2014-15

A critique of the macroeconomic framework that underlies the fiscal consolidation approach of the Union Budget for 2014-15 .

The Slide of the Rupee

US Federal Reserve Chairman Ben Bernanke's statement appears to have caused a free fall in the value of the rupee, or so the Reserve Bank of India would have us believe. But the value of the rupee vis-à-vis the dollar has been declining since August 2011. The economy will have to settle for a protracted slow growth or high growth with high infl ation. Else we will have to consider a radical reorientation of policy.

Sovereign Debt Crisis in Greece: Is There a Way Forward?

The International Monetary Fund package for Greece is likely to make things worse, not better, for the beleaguered economy. And as other European economies show similar signs of a sovereign debt crisis, the situation does not bode well for Europe and the world economy.
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