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Macroeconomic Policy

Prabhat Patnaik
Tuesday 13 December, 2016
The linking of demonetisation with a fall in banks’ lending rates is illogical and just a false propaganda of the ruling party to mislead people.
C.P. Chandrasekhar
Friday 09 December, 2016
Demonetisation exercise has adversely affected the functioning of medium and small enterprises, which carries out a substantial part of transactions, to buy inputs, pay workers, and distribute goods, in cash.
Prabhat Patnaik
Wednesday 07 December, 2016
What the BJP spokespersons are putting forward that the cash which gets disabled in the black economy would enable the government to spend more on infrastructure or provide cash transfers to the people is sheer deception.
Prabhat Patnaik
Tuesday 06 December, 2016
It is very obvious by now that demonetization, far from being an attack on the black economy, has in effect turned out to be an attack on the vulnerable informal segment of the white economy.
C.P. Chandrasekhar
Wednesday 23 November, 2016
The way the political establishment, sundry pundits, the media and a large section of the untutored or sycophantic elite of the country underestimated the extent of pain that the demonetisation measure would inflict on India’s poor and lower middle classes, points to their disconnect from a reality which bears little resemblance to the vision of a dynamic market economy they presume they inhabit.
Arjun Jayadev
Wednesday 23 November, 2016
The demonetization decree is pure fantasy-on all fronts and absolves everyone of the need to think about the myriad ways in which the collective project of Indian society has been corroded. It has a malign edge that has not been adequately acknowledged yet.
Jayati Ghosh
Tuesday 22 November, 2016
It is becoming evident by the day that the primary purpose of the surprise announcement by the Prime Minister was political rather than economic, and that this political purpose was specifically directed towards ensuring the fortunes of the ruling party vis-à-vis its rivals.
Arindam Banerjee
Friday 18 November, 2016
The depressive economic cycle that has been immediately generated by the demonetization measure will not be mitigated within a few months as the government mistakenly assumes. It will have longer and deeper consequences for inequality and under-development in the Indian economy.
TM Thomas Isaac
Friday 18 November, 2016
In an interview to Scroll.in, economics professor turned Finance Minister of Kerala, TM Thomas Isaac said that the secrecy surrounding the demonetisation was a blow to cooperative federalism, where the state and centre work collectively, and the move would not have a serious impact on tax evaders.
Utsa Patnaik
Thursday 17 November, 2016
With the severe loss of purchasing power following the sudden decision of demonetisation, the country is being driven into an artificially created recession and the level of economic activity is declining.
 

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