Page 4 - Latest Updates on Macroeconomics
Spurious macroeconomic analytics
The expenditure specific multipliers that are being cited to proclaim this Budget as expansionary have no analytical foundation.
 "Spurious macroeconomic analytics")
Is all macroeconomic analysis time-pass, idle chat and ephemeral?
Macroeconomics comprises 6-7 interconnected variables, each of which can or will be different depending on what other 6 are. So what you get at the best of times are wide ranges of possible outcomes.
Sensex reclaims 60,000 mark; FPI buying, macroeconomic data buoy sentiment
The Sensex gained 367 points, or 0.6 per cent, to close at 60,223, while the Nifty rose 120 points to end the session at 17,925 cent.
 "Sensex reclaims 60,000 mark; FPI buying, macroeconomic data buoy sentiment")
Macroeconomics is no longer good enough
The world today is simply too complex for economists to comprehend in real time
 "Macroeconomics is no longer good enough")
Macroeconomics in action
The book does not take more than a paragraph to warn us about our misplaced hopes in demographic dividends
 "Macroeconomics in action")
India's macroeconomy more healthy, ready for faster growth: Ashima Goyal
Notwithstanding the pandemic severe shock, India's macroeconomy is more healthy and ready for faster growth, eminent economist Ashima Goyal said on Sunday
 "India's macroeconomy more healthy, ready for faster growth: Ashima Goyal")
The growth path India must take
'The need of the hour is the building up of macro-financial, fiscal, and external buffers', said the authors
 "The growth path India must take")
Recovery tracker: Power generation up to 3-week high, mobility spikes
The power generation recovered sharply week on week basis as a lull in monsoon rains raised temperatures across the country
 "Recovery tracker: Power generation up to 3-week high, mobility spikes")
Sitharaman as FM: Some positive surprises, a few works in progress
Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan
FM Nirmala Sitharaman says macroeconomic fundamentals are sound
The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said
 "FM Nirmala Sitharaman says macroeconomic fundamentals are sound")
Peering into 2021
Macroeconomics in 2021 will turn on consumer demand and firm resolution
 "Peering into 2021")
Macroeconomics needs to focus on managing abundance and not scarcity
Macroeconomic theory has to be constructed around this now, not the old Keynesian identity which took deficiency as its starting point
It's a mystery why economists persist with imperfect methods of economics
The most important part of economics is its method. In the first of a three-part series of columns, T C A Srinivasa Raghavan looks at how it is going about its business now as opposed to the past
 "It's a mystery why economists persist with imperfect methods of economics")
The irony of microeconomics: Excess supply and a study of scarcities
How has economics built the excess supply of land, labour, capital and product into its formal analytical structure which, even now, is predicated on the study of scarcities? The answer is, it hasn't
Macro backdrop calls for status quo on rates
The MPC in all likelihood would keep the repo rate unchanged at 4 per cent, extending the pause from its August and October meetings and reiterating the accommodative stance
 "Macro backdrop calls for status quo on rates")
Severe shock to consumption, economy will take longer to recover: RBI
"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank
 "Severe shock to consumption, economy will take longer to recover: RBI")
Rollback time: What didn't work for govts earlier will not work even now
Long discarded policies like deficit monetisation, loan restructuring, higher tariffs and import licensing had not yielded great results even the first time around, points out T N Ninan
Weekly economic indicators: Flat traffic growth signals moderating recovery
Pollution levels too remain low in Mumbai and Delhi over limited activity
 "Weekly economic indicators: Flat traffic growth signals moderating recovery")
India's policy uncertainty at 81-month high as index rises 4 months on trot
The last time index was this high was in August 2013 as country dealt with so-called taper tantrum. At the time, US Fed had begun reducing amount of money it made available for easy borrowing
 "India's policy uncertainty at 81-month high as index rises 4 months on trot")
Best of BS Opinion: Climate change, structural reforms in tax rate, more
Here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Climate change, structural reforms in tax rate, more")
