Page 4 - Latest Updates on Macroeconomics
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
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
 "It's a mystery why economists persist with imperfect methods of economics")
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
 "Macro backdrop calls for status quo on rates")
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
 "Severe shock to consumption, economy will take longer to recover: RBI")
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
Weekly economic indicators: Flat traffic growth signals moderating recovery
Pollution levels too remain low in Mumbai and Delhi over limited activity
 "Weekly economic indicators: Flat traffic growth signals moderating recovery")
India's policy uncertainty at 81-month high as index rises 4 months on trot
The last time index was this high was in August 2013 as country dealt with so-called taper tantrum. At the time, US Fed had begun reducing amount of money it made available for easy borrowing
 "India's policy uncertainty at 81-month high as index rises 4 months on trot")
Best of BS Opinion: Climate change, structural reforms in tax rate, more
Here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Climate change, structural reforms in tax rate, more")
What can macro policy do?
Long-term structural reforms are required, such as a uniform GST and direct tax rates
 "What can macro policy do?")
RBI Guv calls for structural reforms and fiscal measures to boost growth
The RBI cut rates by 135 basis points last year even as growth fell to a 10-year low in the second half of the fiscal year.
 "RBI Guv calls for structural reforms and fiscal measures to boost growth")
Is South Asia ready for take off?
To ensure the region's growth path remains strong and sustainable, new policies and initiatives need to remain mindful of fiscal, financial and environmental risks
 "Is South Asia ready for take off?")
Do the winners of 2019 economics Nobel focus too much on micro welfare?
Immigration and growth would help more than addressing the winners' 'manageable questions.'
 "Do the winners of 2019 economics Nobel focus too much on micro welfare?")
A step for the high growth strategy
Watch for the reward-to-risk ratio faced by private persons
 "A step for the high growth strategy")
Dream targets: Modi govt needs to show greater purpose to meet macro goals
Targets like $5-trn GDP and 100% export growth by 2025, besides doubling of farm income and increasing the share of manufacturing in GDP to 25% by 2022, might prove a tall order, writes T N Ninan
Policy uncertainty
Businesses avoid environment of policy instability
 "Policy uncertainty")
Confronting macro challenges
With key macro indicators flashing amber or red, business as usual is not an option
 "Confronting macro challenges")
Macroeconomics: Then and now
We need a different approach in an economy that is more open, more private sector oriented and much less monsoon dependent
 "Macroeconomics: Then and now")
