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Monetary Policy

C.P. Chandrasekhar, Jayati Ghosh
Tuesday 14 February, 2017
Post-Trump expectations of a shift back from an easy monetary policy with low interest rates to reliance on a fiscal stimulus for growth are reversing trends in global bond markets.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 17 January, 2017
Banks strapped with stressed assets are holding back on lending, dampening in the process the principal stimulus to growth in recent years. And there are no alternative routes to growth in sight.
C.P. Chandrasekhar
Saturday 17 December, 2016
The damage to the reputation of banks and its employees, which and who have been victims of the engineered cash shortage, is likely to be aggravated by the adverse effects the demonetisation may have for the already damaged profit and loss accounts and balance sheets of the banks.
Prasenjit Bose, Zico Dasgupta
Thursday 15 December, 2016
Whether the demonetisation scheme declared through the November 8 notification qualifies as a fiscal or economic policy is a vital question that merits the attention of the Supreme Court.
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.
 

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