There are attempts to reconfigure the RBI's policy formulation processes. But it would need much more than monetary policy to revive animal spirits
There is room for reiterating the case for free markets succintly, because an irrational fear of free markets still pervades civil society. This fear holds India back from realising its true potential
Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries
Fix agriculture to target food inflation, create labour-intensive manufacturing to target the current account deficit, and fiscal restructuring can target the infrastructure deficit
The developing world cannot rely on a single instrument - the interest rate - to deal with both the domestic business cycle and the global financial cycle
This is the first G20 summit not dominated by economic issues. Is this an indication of how the G20 is likely to shape up in future as the global economy recovers?
On July 10, 2013, Bernanke gave his Cambridge, Massachusetts, audience a brilliant tour de force of the evolution of US monetary policy over the past century
Is India really vulnerable to a balance-of-payments crisis of the sort last seen in 1990-91? Or are fears overstated?
While independent central banks initially anchored inflationary expectations, major structural changes in the global economy helped to keep, and are keeping, inflation under check
External and sovereign domestic debt in poorly designed monetary unions are not free from the risk of nominal default
The direction of gold prices will depend on central banks, bullion banks and leveraged hedge funds
QE may have outlived its effectiveness. Is it time to drop money from helicopters, as Milton Friedman and Ben Bernanke once argued?
The latest G20 communique prescribes falling back on fiscal policy to hasten the global economic recovery