Page 8 - Economists
Gita Gopinath to become IMF's first deputy managing director next year
IMF's First Deputy Managing Director Geoffrey Okamoto will resign next year, and Chief Economist Gita Gopinath will replace him, the fund announced on Thursday."The IMF said today that First Deputy Managing Director (FDMD) Geoffrey Okamoto will leave the Fund early next year and that Gita Gopinath, currently the IMF's Chief Economist, is proposed to be the Fund's new First Deputy Managing Director," the press release said.Although Gopinath had been scheduled to return to her academic position at Harvard University in January next year, she decided to stay and accepted the new position, according to the release."In particular, the FDMD will take the lead on surveillance and related policies, oversee research and flagship publications and help foster the highest quality standards for Fund publications," the release noted.Gopinath will start in her new role on January 21, 2022.
 "Gita Gopinath to become IMF's first deputy managing director next year")
Economists write to PM seeking higher fund allocation for MGNREGA
The economists who sent this letter included Jean Dreze, Prabhat Pattnaik, Mahendra Dev, Pronab Sen and Himanshu, among others
 "Economists write to PM seeking higher fund allocation for MGNREGA")
Privatisation, growth should remain Budget focus, says EAC-PM
It also said the clear road map of privatisation and growth orientation of FY22 Budget should be maintained in FY23 as well
 "Privatisation, growth should remain Budget focus, says EAC-PM")
On yesterday's greats
After Mansoor Ali Khan Pataudi passed away, Suresh Menon persuaded lots of people to write about him
Need to devise new formula for states' borrowings: SBI Economists
States are increasingly borrowing higher by making ambitious GSDP projections and hence, there is a need for a new formula to define the loan caps, economists at largest lender SBI said on Tuesday.
 "Need to devise new formula for states' borrowings: SBI Economists")
The chirping economist
'Their comments pertain to government policy. Some praise it, others criticise it', says the author
An economist's selective notes
Kaushik Basu offers an engaging account of his days at North Block and World Bank but steers clear of controversial issues
 "An economist's selective notes")
Amartya Sen's memoir, Home in the World, presents the peripatetic thinker
The Nobel Prize-winning economist has combined pure memoir with chapters on fundamental philosophical, political or economic issues
 "Amartya Sen's memoir, Home in the World, presents the peripatetic thinker")
 "How passive income has become an integral part of everyone's life: Rohit Khosla")
Domain experts rank lower than ex-finance secys as state economic advisors
While CMs have allowed former officers to explore both revenue and expenditure depts in their role as advisors, all states have limited the remit of economists to that of only expenditure
 "Domain experts rank lower than ex-finance secys as state economic advisors")
India's data deficiency
Govt should collect and release timely economic data
 "India's data deficiency")
Tax cuts for individuals, companies needed to boost demand, say economists
While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy
 "Tax cuts for individuals, companies needed to boost demand, say economists")
Ex-CEA Arvind Subramanian to join Brown University as senior fellow
Subramanian was appointed as the chief economic advisor to the government on October 16, 2014, for a period of three years. He was given an extension in 2017.
 "Ex-CEA Arvind Subramanian to join Brown University as senior fellow")
Do top economics journals hold women authors to higher standards than men?
Since 1990, women comprise "only 11 per cent of all authors published in top economic journals" even though they make up between 20-30 per cent of the total number of economists
 "Do top economics journals hold women authors to higher standards than men?")
What the oversupply of social science PhDs means for universities
Will universities continue to offer permanent faculty positions as they offer courses remotely, asks TCA Srinivasa Raghavan.
Keeping pace with Karthik Muralidharan, the 'Shinkansen' economist
Anjuli Bhargava races to keep pace with Muralidharan's breakneck speed train of thought on effective governance
 "Keeping pace with Karthik Muralidharan, the 'Shinkansen' economist")
Budget's transparency on numbers to enthuse rating agencies: SBI economists
The budget redefines fiscal rules because it adds off-balance sheet items to the headline deficit, a note said adding that consolidation of finances is a pragmatic move
 "Budget's transparency on numbers to enthuse rating agencies: SBI economists")
Budget does not address inequities, bold for its fiscal stance: Economists
Economists called the budget 'bold'
 "Budget does not address inequities, bold for its fiscal stance: Economists")
Shape of economic recovery may end up coming from another alphabet
Zeroing in on the alphabet that best describes the unprecedented economic upheaval
 "Shape of economic recovery may end up coming from another alphabet")
Ease fiscal consolidation in Budget, hike health spend, economists urge FM
Also call for efforts to enhance exports, build farm infrastructure
 "Ease fiscal consolidation in Budget, hike health spend, economists urge FM")