Inflation not a bad thing! Highlights of Abhijit Banerjee's take on economy

Abhijit Banerjee, who recently won the Economics Nobel Prize, along with Esther Duflo and Michael Kremer, spoke to Rajesh Kumar about the concerns facing the Indian economy; here are the highlights

Indian- American economist Abhijit Banerjee, along with wife Esther Duflo and Michael Kremer, recently won the Economics Nobel prize for their work on randomised controlled trials, or RCT.

Banerjee and Duflo have been in India for a few days promoting their book, Good Economics for Hard Time’s: Better Answers to Our Biggest Problems. 

Business Standard’s Rajesh Kumar caught up with Banerjee and discussed some important issues facing the Indian and global economies. Here are some highlights of the insights shared by the Nobel laureate:

Inflation not bad: Given that we have downward-sticky prices, inflation is not a bad thing — it keeps labour