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Macroeconomic Policy

Kunibert Raffer
Tuesday 16 October, 2012
This article explains basic tenets of the ''Raffer Proposal'' (also known as the Fair Transparent Arbitration Procedure (FTAP)) and how it can help resolve the Greek crisis.
Kunibert Raffer
Tuesday 16 October, 2012
Only proper, sovereign insolvency proceedings complying with minimal economic, legal and humane requirements, and fair to all involved, can solve the problem of Greek Debt.
Sergio Cesaratto, Giancarlo Bergamini
Tuesday 11 September, 2012
ECB's decision of unlimited support to short term bonds to countries, which forego control of their public finances, found acclaim in Italy, but this can be counterproductive.
Matias Vernengo, Esteban Perez Caldentey
Friday 31 August, 2012
This paper suggests a role of fiscal agent for the monetary authority and debunks the self-regulated view of the economy in central banking after the Great Depression.
Jayati Ghosh
Wednesday 08 August, 2012
Contrary to mainstream arguments, financial sector growth beyond a point is actually detrimental for economic growth as small scale industries find it hard to access credit.
Korkut Erturk
Thursday 26 July, 2012
Unlike in the past, the state's inability to impose welfare-enhancing market restrictions through collective agencies today, lie at the root of the current global crisis.
Y.V. Reddy
Thursday 12 July, 2012
Integrated regulation, competition and ownership along with enhanced monitoring and supplementary use of fiscal tools in the financial sector can be helpful to the economy.
Rainer Kattel, Ringa Raudla
Monday 11 June, 2012
Debunking the austerity belief, this note argues that the recent Baltic recovery has unique features unrelated to domestic austerity and they are not replicable elsewhere.
Smitha Francis
Wednesday 23 May, 2012
Monetary and financial sector policies under open capital account, with resultant regressive distributional implications adversely impacted Indonesia’s fiscal policy stance.
C.P. Chandrasekhar
Wednesday 16 May, 2012
Irrational insistence on fiscal conservatism has led to widespread growth slowdown not only in the European countries, but also in emerging economies like China and India.



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