Alok Sheel

The pandemic appears to be receding across the board, although the possibility of a second wave cannot still be ruled out

Major structural reforms are needed to raise growth rates to the highs achieved between 2003 and 2008

Is India really vulnerable to a balance-of-payments crisis of the sort last seen in 1990-91? Or are fears overstated?

There are attempts to reconfigure the RBI's policy formulation processes. But it would need much more than monetary policy to revive animal spirits

There is room for reiterating the case for free markets succintly, because an irrational fear of free markets still pervades civil society. This fear holds India back from realising its true potential

Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries

Fix agriculture to target food inflation, create labour-intensive manufacturing to target the current account deficit, and fiscal restructuring can target the infrastructure deficit

The developing world cannot rely on a single instrument - the interest rate - to deal with both the domestic business cycle and the global financial cycle

This is the first G20 summit not dominated by economic issues. Is this an indication of how the G20 is likely to shape up in future as the global economy recovers?

While independent central banks initially anchored inflationary expectations, major structural changes in the global economy helped to keep, and are keeping, inflation under check

External and sovereign domestic debt in poorly designed monetary unions are not free from the risk of nominal default

The direction of gold prices will depend on central banks, bullion banks and leveraged hedge funds

QE may have outlived its effectiveness. Is it time to drop money from helicopters, as Milton Friedman and Ben Bernanke once argued?

Bold innovations of the self-effacing chairman of US Fed may turn out to be the monetary tools of the 21st century

The latest G20 communique prescribes falling back on fiscal policy to hasten the global economic recovery

Advanced economies should manage the end of short-term extraordinary measures deftly

At its recent summit in Mexico, the G20 showed its effectiveness, by drafting recommendations for the euro zone that the European Union put into effect at its own summit ten days later

Why expectations from the coming G20 summit should be low

The IMF is not set up to bail out the euro zone?s troubled countries. Only the European Central Bank can do that