A V Rajwade

Inequality in the 21st century: Are we moving to one dollar, one vote?

At present, two models to limit excessive inequality exist: The social democracies in Europe and the Chinese model of democracy within the ruling communist party but no adult franchise

Exchange rates, jobs & external vulnerability

Before our political masters talk of a sovereign wealth fund, we need a far better balance between external assets and liabilities

Donald Trump and Dani Rodrik's trilemma

Trump's economic policy objectives have given new life to the issues raised by the economist

Monetary policy and inflation

It's not monetary policy determining inflation and employment rates; it's the other way around

A V Rajwade: The nagging bad debt problem

It's not just crony capitalism and dishonest businessmen who are responsible for NPAs in PSBs

A V Rajwade: Cover the full ground

Adherence to a fiscal deficit target without full reform of govt accounts may not be sufficient

A V Rajwade: Not on an equal footing

Paper discusses issues relating to sovereign debt defaults irrespective of the currency of the debt

A V Rajwade: Another depression on the horizon?

Trump's anti-globalisation agenda is worrying for the developing world

A V Rajwade: IMF's agent of change

Despite her conviction, Lagarde has brought about policy changes at the organisation

A V Rajwade: Gauging the yuan's value

Despite its continued appreciation, the currency seems undervalued

A V Rajwade: The two prices of money

A liberal capital account reduces growth, increases income inequality and creates a dilemma for monetary policymakers. Yet we persist with it

A V Rajwade: Awaiting a feedback loop

A virtuous cycle has to take take off if electronic transactions as a medium of exchange is to soar in India following demonetisation

A V Rajwade: Achievement, with some chinks

Given the unprecedented nature and scale of the demonetisation move, only in retrospect could the implementation have been better

A V Rajwade: Independent central banks

Are independent central banks more a part of neoliberalism, of a laissez-faire ideology, not a way to improve the economy?

A V Rajwade: The end of history?

What the US election result will do is help the right-wing political parties in Europe, some of which are facing elections shortly

A V Rajwade: The maths-economics duel

How relevant to the real world is economics dominated by mathematical formulae and abstract models?

A V Rajwade: The gap between theory and reality

IMF's macroeconomic theories are not in sync with situations on the ground

A V Rajwade: Going against the grain

The only way in which the exchange rate will ensure a balance in the external account and optimise consumption is direct intervention by the central bank

A V Rajwade: IMF and globalisation

A review of IMF's stance on market-determined exchange rates is needed

A V Rajwade: The cons of inflation targeting

An economy pays a heavy price in terms of output loss, higher unemployment