{"title":"India’s inward (re)turn: is it warranted? Will it work?","authors":"S. Chatterjee, A. Subramanian","doi":"10.1007/s41775-023-00156-1","DOIUrl":"https://doi.org/10.1007/s41775-023-00156-1","url":null,"abstract":"","PeriodicalId":36028,"journal":{"name":"Indian Economic Review","volume":"1 1","pages":"1-25"},"PeriodicalIF":0.0,"publicationDate":"2020-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45273690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Market capitalization and growth with nominal and real rigidities: the case of emerging economies","authors":"Agnirup Sarkar","doi":"10.1007/s41775-020-00096-0","DOIUrl":"https://doi.org/10.1007/s41775-020-00096-0","url":null,"abstract":"","PeriodicalId":36028,"journal":{"name":"Indian Economic Review","volume":"55 1","pages":"165 - 198"},"PeriodicalIF":0.0,"publicationDate":"2020-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41775-020-00096-0","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41401422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Socio-economic inequality in catastrophic health expenditure among households in India: A decomposition analysis","authors":"A. Akhtar, Nadeem Ahmad, Indrani Roy Chowdhury","doi":"10.1007/s41775-020-00093-3","DOIUrl":"https://doi.org/10.1007/s41775-020-00093-3","url":null,"abstract":"","PeriodicalId":36028,"journal":{"name":"Indian Economic Review","volume":"55 1","pages":"339 - 369"},"PeriodicalIF":0.0,"publicationDate":"2020-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41775-020-00093-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45793006","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Correction to: Planning and social transformation: remembering DP Dhar as a social planner","authors":"U. Sinha","doi":"10.1007/s41775-020-00081-7","DOIUrl":"https://doi.org/10.1007/s41775-020-00081-7","url":null,"abstract":"","PeriodicalId":36028,"journal":{"name":"Indian Economic Review","volume":"55 1","pages":"163 - 163"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41775-020-00081-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"53238887","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financing of fiscal response to COVID-19: a pragmatic alternative.","authors":"Ayushi Bajaj, Gaurav Datt","doi":"10.1007/s41775-020-00090-6","DOIUrl":"https://doi.org/10.1007/s41775-020-00090-6","url":null,"abstract":"<p><p>As governments around the world, including the Indian government, mount a fiscal response to the Covid-19 crisis, the question of how to finance it has risen to prominence. We argue that the option of the central bank monetizing the additional government debt and then writing it off offers a pragmatic way out.</p>","PeriodicalId":36028,"journal":{"name":"Indian Economic Review","volume":"55 Suppl 1","pages":"149-160"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41775-020-00090-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9433410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"India's lockdown: an interim report.","authors":"Debraj Ray, S Subramanian","doi":"10.1007/s41775-020-00094-2","DOIUrl":"https://doi.org/10.1007/s41775-020-00094-2","url":null,"abstract":"<p><p>The world has continued to change rapidly since the last version of this article was written on May 20, 2020. Yet, as this article goes to press, we are aware of two realities; first, that we cannot perennially chase a moving target, but second, that nothing about the fundamental trends that we have identified appear to have changed. India is firmly in the throes of a vicious pandemic that we can only hope will abate with the development of an effective vaccine. Our plea for the widespread provision of adequate health and medical facilities, adequate protection for the elderly, and transfers to those severely affected by the lockdown are absolutely unchanged in the face of the latest data. In contrast, the brutal enforcement of a lockdown with none of these accompanying measures can only worsen outcomes for the poorest and most vulnerable among the population.</p>","PeriodicalId":36028,"journal":{"name":"Indian Economic Review","volume":"55 Suppl 1","pages":"31-79"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41775-020-00094-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9433411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Indian Economic ReviewPub Date : 2020-01-01Epub Date: 2020-06-23DOI: 10.1007/s41775-020-00085-3
Pami Dua
{"title":"Monetary policy framework in India.","authors":"Pami Dua","doi":"10.1007/s41775-020-00085-3","DOIUrl":"https://doi.org/10.1007/s41775-020-00085-3","url":null,"abstract":"<p><p>In 2016, the monetary policy framework moved towards flexible inflation targeting and a six member Monetary Policy Committee (MPC) was constituted for setting the policy rate. With this step towards modernization of the monetary policy process, India joined the set of countries that have adopted inflation targeting as their monetary policy framework. The Consumer Price Index (CPI combined) inflation target was set by the Government of India at 4% with ± 2% tolerance band for the period from August 5, 2016 to March 31, 2021. In this backdrop, the paper reviews the evolution of monetary policy frameworks in India since the mid-1980s. It also describes the monetary policy transmission process and its limitations in terms of lags and rigidities. It highlights the importance of unconventional monetary policy measures in supplementing conventional tools especially during the easing cycle. Further, it examines the voting pattern of the MPC in India and compares this with that of various developed and emerging economies. The synchronization of cuts in the policy rate by MPCs of various countries during the global slowdown in 2019 and the COVID-19 pandemic in the early 2020s is also analysed.</p>","PeriodicalId":36028,"journal":{"name":"Indian Economic Review","volume":"55 1","pages":"117-154"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s41775-020-00085-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"38298258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}