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

Articles by 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 .

Rajan's Target: Inflation or the Poor?

Inflation targeting is intended to protect the poor, but it does not work that way.

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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