Alok Sheel

Covid-19: Beginning of the end?

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

Unravelling India's growth story

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

India's external sector: the ghosts of 1991

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

Alok Sheel: RBI and the crisis of central banking

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

Alok Sheel: For freedom and markets

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

Alok Sheel: Rebooting the G20 framework

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

Alok Sheel: India's three arrows - how it can fire itself back to high growth

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

Alok Sheel: How emerging markets deal with global spillovers

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

Alok Sheel: St Petersburg G20 Summit - Unintended consequences

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?

What Ben Bernanke didn't say

Why IMF may be wrong on 'inflation targeting'

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

How risk-free is domestic sovereign debt?

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

Drivers of the gold boom, crash and...

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

The central banker's Brahmastra

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

Alok Sheel: Ben Bernanke, the great innovator

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

Alok Sheel: Growth now, need for austerity next

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

C Rangarajan & Alok Sheel: Austerity and growth: a road map

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

Alok Sheel: The surprises of Los Cabos

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

Alok Sheel: New lows at Los Cabos?

Why expectations from the coming G20 summit should be low

Alok Sheel: Waiting for the ECB, and 'Big Bertha'

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