Page 7 - Economic Policy
For short-term economic policy, judgement matters more than data
By definition, short term policy is the equivalent of flying by the seat of your pants. You take your chances
 "For short-term economic policy, judgement matters more than data")
How should the government revive demand?
What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?
 "How should the government revive demand?")
PM needs to oversee trade policy and negotiations
We urgently need an institutional reform for trade policy. We need our PM to directly be involved with the new institutions.
 "PM needs to oversee trade policy and negotiations")
Uncertainty around India's economic policy at 27-month high in May
Index levels more than doubled over March. It rose from around 40.6 to 83.6 in May.
 "Uncertainty around India's economic policy at 27-month high in May")
The strategy and the tactics
We need a conceptual framework for economic strategy, alongside the practical problems of building government organisations
Economic policy making: Moving on
The language and grammar of most macroeconomic research in India is based on business cycle theory. Simply put, there is a trend growth rate with ups and downs - variations around the trend
 "Economic policy making: Moving on")