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Monetary Policy

C.P. Chandrasekhar, Jayati Ghosh
Tuesday 15 March, 2016
With interest rates and bond yields turning negative in many developed countries, the efficacy of monetary policy as a countercyclical instrument is in question.
Julio Lopez Gallardo, Roberto Valencia Arriaga
Tuesday 03 November, 2015
The authors argue that the key variable to achieve inflation control is the exchange rate and not the interest rate, although the latter indirectly affects the price level and output.
C.P. Chandrasekhar
Wednesday 14 October, 2015
The recent rate cut by the RBI reflects a shift in its policy stance and signals that it has accepted that the biggest threat in India today is not inflation, but deflation.
Andrew Cornford
Monday 31 August, 2015
The author here illustrates the fact that in the reports prepared by FSB less attention is given to typical problems of design and implementation in developing than in developed countries.
Prabhat Patnaik
Tuesday 07 July, 2015
The world economy today is reminiscent of the 1930s where competitive easing of monetary policy is not boosting aggregate demand and fiscal policy is barred by finance capital.
C.P. Chandrasekhar
Thursday 05 February, 2015
The distribution of rural credit disbursement is skewed and biased towards the rich and warrants better access to all sections for improved capital formation in agriculture.
C.P. Chandrasekhar
Monday 13 October, 2014
The RBI’s decision to follow a restrictive monetary policy seems to have been influenced by the inflow of foreign finance, even if that is at the expense of growth.
C.P. Chandrasekhar
Friday 19 September, 2014
Instead of looking at developed countries’ monetary easing the RBI should explore policy alternatives to restrict capital inflow and reduce India’s external vulnerability.
Arnab Kumar Chowdhury
Wednesday 30 July, 2014
As debt is necessary to sustain the monetary system, hypothetical repayment of all debts can make the monetary system collapse and has the capacity to stall the real economy.
Prabhat Patnaik
Thursday 21 November, 2013
While monetary policies have failed to resolve the current global crisis, resistance to fiscal intervention from finance capital prevents any meaningful solution for recovery.



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