Search: For - monetary policy

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आर्टिफ़िशियल इंटेलिजेंस और केंद्रीय बैंक: समझदारी का ‘आविष्कार’ से मेल!
Aug 20, 2024

आर्टिफ़िशियल इंटेलिजेंस और केंद्रीय बैंक: समझदारी का ‘आविष्कार’ से मेल!

केंद्रीय बैंक बहुत सावधानी से AI को अपने काम के साथ जोड़ रह�

2023 मध्ये भारतीय अर्थव्यवस्था
Jan 18, 2024

2023 मध्ये भारतीय अर्थव्यवस्था

2024 मध्ये जैविक, जबाबदार वाढ सुनिश्चित करण्यासाठी भारताला

Indian economy: 2023 wrapped
Jan 02, 2024

Indian economy: 2023 wrapped

To ensure organic, responsible growth in 2024, India will have to implement a policy structure which is unique to a developing nation in the current g

Central banks: Perils of losing focus
Aug 18, 2023

Central banks: Perils of losing focus

Inflation is proving hard to tame as central banks lose sight of their primary role of inflation-targeting

Digital tug of war: The battle for monetary control
Jul 17, 2023

Digital tug of war: The battle for monetary control

The emergence of private digital currencies poses a potential challenge to central banks’ control, introducing new dynamics and possibilities that c

Deciphering RBI’s monetary policy stance
Jun 20, 2023

Deciphering RBI’s monetary policy stance

A normal monsoon and the consequently softer inflation in food prices could force RBI’s hand on both its policy stance as well as on the policy rate

Sans a supportive fiscal policy, monetary policy will struggle to manage inflation
Apr 11, 2023

Sans a supportive fiscal policy, monetary policy will struggle to manage inflation

Wrestling inflation below 4 percent is a fit metric for both responsive monetary policy and responsible fiscal policy

CPC’s tryst with private regulatory interventionism
Apr 06, 2023

CPC’s tryst with private regulatory interventionism

The array of financial institutional reforms proposed at the ‘Two Sessions’ is indicative of continued regulatory interventionism by the CPC

Monetary policy must be complemented by fiscal policy
Oct 03, 2022

Monetary policy must be complemented by fiscal policy

Fiscal policy must be leveraged to contain the impact of rising interest rates on growth.

Storm in India’s monetary teacup
Feb 15, 2022

Storm in India’s monetary teacup

Concerns of slipping into a deeper economic crisis emerge as the RBI continues with its accommodative monetary policies

Uptick in India’s headline inflation: A transitory phase
Jul 18, 2021

Uptick in India’s headline inflation: A transitory phase

While economic growth remains the main focus, elevated inflation may ask for some attention.

Central Bank Digital Currency (CBDC) and its economic implications
Jan 19, 2021

Central Bank Digital Currency (CBDC) and its economic implications

To defend their turf — and prevent extreme decoupling — central banks are keen on designing their own network of digital payments by officially is

Central Bank Digital Currency in India: Deeper engagement and thorough exploration needed before execution
May 21, 2020

Central Bank Digital Currency in India: Deeper engagement and thorough exploration needed before execution

Maximising the effectiveness of fulfilling the essential functions of fiat money should be the primary objective of CBDC.

Bubbles and Other Troubles: Risks from Ultra Easy Monetary Policy
Aug 12, 2014

Bubbles and Other Troubles: Risks from Ultra Easy Monetary Policy

Spillovers from unconventional monetary policy in the AEs pose a systemic risk for emerging market economies (EMEs). Unconventional monetary policies to ensure cheap liquidity and easy credit conditions have been used not only in the US but in Europe as well as Japan.

Re-thinking India's monetary policy
Feb 14, 2014

Re-thinking India's monetary policy

Inflation targeting has become a bone of contention in India. While some economists say a certain level of inflation is a necessary evil, others argue RBI's target is very low and would require monetary tightening. What is required is a balance between fiscal and monetary policy.

The role of monetary policy in climate change mitigation
May 24, 2023

The role of monetary policy in climate change mitigation

Climate change is one of the most significant challenges defining the 21st century, and ways to deal with it occupy an important space in current policymaking discourse. Central banks in different parts of the world have recently started playing a part in articulating strategies to combat climate change. This brief explores the position of the Reserve Bank of India (RBI) in this regard. It outlines the physical and transition risks associated wit

Eurozone to blame for Greece's problems
Jul 21, 2015

Eurozone to blame for Greece's problems

Greece's problems were inevitable because the concept of Eurozone is based on flawed solidarity. While the monetary policy is controlled by the ECB, the fiscal policy is under the member states. They have to obey the diktat of the ECB regarding interest rates and this has made Greece uncompetitive with rising costs.

RBI versus the government: Independence and accountability in a democracy
Dec 07, 2018

RBI versus the government: Independence and accountability in a democracy

Conflicts between central banks and governments are embedded in the evolving discourse of every democracy. The recent discord between the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) is neither the first nor likely to be the last. Institutionally, once a disagreement between the RBI and the MoF crosses the Rubicon, the government has the power to overrule the central bank’s decisions. Moreover, such a structure is not restricte

Revving up demand is key to economic revival
Mar 03, 2020

Revving up demand is key to economic revival

There has to be an increase in government expenditure in labour-intensive industries and it cannot just rely on the monetary policy through interest rate cuts to stimulate demand.

Stoke demand to stop India slowing down
Oct 05, 2019

Stoke demand to stop India slowing down

Even this is optimistic and we could as well be seeing sub 5 per cent growth.

The central bank autonomy debate and India’s knife-edge credit crisis
Apr 25, 2019

The central bank autonomy debate and India’s knife-edge credit crisis

This paper dissects the persistent credit crunch that has provoked recent debates on the autonomy of India’s central bank. It tracks the trajectory of the liquidity squeeze, beginning with the wariness of public sector banks to provide credit to high-risk sectors as bad loans mounted. Yet these banks were continuing to provide loans to the NBFCs (non-banking financial companies), which were in turn extending loans to the high-risk sectors (such

चलनाची डिजिटल लढाई
Oct 20, 2023

चलनाची डिजिटल लढाई

खासगी डिजिटल चलनांचा उदय झाल्याने केंद्रीय बँकांच्या नियंत्रणाला आव्हान निर्माण झाले आहे. प्रस्थापित व्यवस्था मोडून काढण्याचे नवे वातावरण व शक्यता निर्माण झाली आहे.

लक्ष्य गमावत चाललेल्या केंद्रीय बँका
Oct 26, 2023

लक्ष्य गमावत चाललेल्या केंद्रीय बँका

चलनवाढीवर लक्ष केंद्रित करण्याच्या जबाबदारीचा केंद्रीय बँकांना विसर पडत चालला आहे असे दिसून आले आहे. याच पार्श्वभूमीवर, दिवसेंदिवस महागाई आटोक्यात आणणे कठीण होत चालले �