Page 4 - Macroeconomics

Data puts Turkey's annual inflation rate at 73.5%, at a 24-year high

Annual inflation in Turkey hit 73.5 per cent in May, the highest rate since 1998, according to official data released on Friday as a cost-of-living crisis in the country deepens. The Turkish Statistical Institute said the rate represented an increase of almost 70 per cent from the month before. Consumer prices were up nearly three per cent from April, the institute reported. While many countries are seeing rising consumer prices, critics blame Turkey's problems on President Recep Tayyip Erdogan's economic policies. The Turkish leader insists that high borrowing costs cause inflation - a position that contradicts established economic thinking - and advocates lowering interest rates to boost growth and exports. Turkey's central bank has cut rates by five percentage points since September, to 14 per cent before pausing them in January. The Turkish lira lost 44 per cent of its value against the US dollar last year. Russia's invasion of Ukraine, which led to a surge in gas, oil and gra

What is CPI-based inflation?

The government and RBI are also circumspect as soaring inflation is hitting the common man hard. But what is CPI-based inflation and how is it calculated? Let us understand

India's macroeconomic challenges deepen

The deteriorating world outlook has added to the complexity of macroeconomic policy-making

Spurious macroeconomic analytics

The expenditure specific multipliers that are being cited to proclaim this Budget as expansionary have no analytical foundation.

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.

Macroeconomics is no longer good enough

The world today is simply too complex for economists to comprehend in real time

Macroeconomics in action

The book does not take more than a paragraph to warn us about our misplaced hopes in demographic dividends

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

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

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

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

Peering into 2021

Macroeconomics in 2021 will turn on consumer demand and firm resolution

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

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

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

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