rajivshastri Profile

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2010-03-31

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Analysis of Economic Policy, Monetary Policy, Inflation, Interest Rates and Exchange Rates in India.. & the World

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Other Tags: Economic Policy, Monetary Policy, Inflation, Interest Rates, Exchange Rates

Latest Blog Posts

  • Why Mankiw is wrong, and so is Krugman…
    on Jan 30, 2012 in General Economics International
    After a long period of letting things slide, this fascinating discussion on taxes compels me to get involved. Not for lack of quality contribution to the discussion – the best of the best have spoken, but because the discussion seems to be focused...
  • Why interest rates will rise... And inflation too.
    on Oct 24, 2011
    It's policy time again and as usual, speculation about the RBI's stance later today is more than rife. Some commentators feel that the RBI has hiked rates enough. Others feel that more hikes are warranted as inflation continues to remain at ridiculou...
  • An update and some links
    on Apr 6, 2011
    Hey all, Its been a hell of a long time since I last wrote and that’s probably because its been a while since I actually read real world economics and not a text book.  And while I was tempted to write about what I was learning, it always turn...
  • Rejoice for Egypt; Lament for India
    on Feb 11, 2011 in General Interest
    So after 18 days of protest, Egypt is free from a dictator who ruled for 30 years. Its time for Egypt to rejoice, despite the uncertainty of how the Army will behave in coming days. But this event only makes the situation in India worthier of a lamen...
  • Apologies and an update...
    on Oct 28, 2010 in General Interest
    Firstly, my apologies for having been delinquent over the last couple of months... It wasn't intentional, but then again, that isn't an excuse. The fact of the matter is, that after a lot of thinking, I reached a really difficult and in some ways, h...
  • Is the RBI just another regulator?Following Dr. Subbarao’s speech which strove to position the RBI as the only choice for a coordinating regulator, comes this speech from Rakesh Mohan, a former Deputy Governor. Another memorial lecture was hijacked by a blatantly political agenda,...
  • More links for August 18, 2010
    on Aug 18, 2010 in Links
      Ben Bernanke: Wall Street's Servant – Dean Baker, Huffington Post A ‘Fat Cat’ Strikes Back – Newsweek: For someone who benefitted from a lower-than-lax regulatory environment under Republican rule, its not surprising that Steve Schwarz...
  • Links for August 18, 2010
    on Aug 17, 2010 in Links
      Ireland: A recession of the banks, by the banks, and for the banks – P O Neill Can the Nation Stimulate Its Way to Prosperity? – Boston Fed: The other side of yesterday’s argument. Monetary policy for the 21st century – interfluidity:...
  • Have interest rates peaked?
    on Aug 17, 2010 in Monetary Policy India Inflation
    So inflation is down to a single digit (barely) after a period of 6 months. Through this time, there has been a lot of discussion about monetary policy response to this phenomenon – one that seems to beset India every few years. And there will stil...
  • Links for August 17, 2010
    on Aug 16, 2010 in Links
      Robert Sloss predicted the iPhone in 1910 - Tyler Cowen Want to bust the jargon? You need to Unsuck it. The Fed uses research to justify stimulus. The Central-Bank Balance Sheet as an Instrument of Monetary Policy – New York Fed. Price Discr...
  • Ground Zero & the Mosque
    on Aug 15, 2010 in General Interest
    I don’t know if you’ve been following the debate summed up by this excellent piece in The Hindu. I’ve thought really hard whether to comment on it. Most economists have, taking positions either in favor or against the construction of the mosque...
  • My column on VoxEU.orgI recently wrote a column for VoxEU.org. It can be found here. Honestly, the editing made it far better than it was originally, and for that I thank Dr. Richard Baldwin, Founder & Editor-in-Chief of Vox. In its own words, VoxEU.org is “a policy...
  • Links for August 13, 2010
    on Aug 13, 2010 in Links
      Challenging Keynesianism: Greg Mankiw Economy Lost Momentum While I Was Pulling Weeds: Caroline Baum – A must read, if only for sheer writing brilliance. Especially the second paragraph under “Speed & Steroids” Animated map of nuclea...
  • Is the CD Deshmukh Memorial Lecture a political event?Going by Dr. Subbarao’s contribution this year, it certainly seems to be. This speech, if one were to take it at face value, exhibited a complete lack of awareness regarding monetary matters which drew a sharp & detailed rebuttal from Ila Patna...
  • Links for August 12, 2010
    on Aug 12, 2010 in Links
      Tell me once again, why are humans the superior species? Rational decision making, of course! Renminbi-Yen-Dollar Collision Course – Tim Duy making a hell of a lot of sense The Proud, The Rich, The Reserves: Worth watching… Pushing on a...
  • Links for August 11, 2010
    on Aug 11, 2010 in Links
    I must admit this one shocked me. Dr. D. Subbarao, whose actions held promise spoke in Hyderabad recently and said all the wrong things. The speech is here. Ajay Shah’s brief reaction is here and Ila Patnaik’s critique, here. Will post a note on...
  • Am I a socialist?
    on Aug 10, 2010 in General Economics India
    A reader, frustrated by my apparent duplicity, asked me how I can possibly say that RTE & Right to Food are worthwhile programs when my writings are predominantly libertarian in nature. I can only thank my reader, who goes by the name Dyslexic, f...
  • Links for August 10, 2010
    on Aug 10, 2010 in Links
    Found a way to post links from my phone. It's slightly messy, but it works. So here goes... Proved! Rubik Cube can be solved in a maximum of 20 moves. Imagine that... http://www.cube20.org/ A long, long paper on what caused the crisis by Kevin Vil...
  • A word on links
    on Aug 10, 2010 in Links
    Another day without internet connectivity means another day without me posting links. I can post text from my phone but I can't post links. And just when I had promised myself that I would post them everyday... It figures.A word on the links I post.
  • Small mercies...So the Fed, moving into the second phase of Quantitative Easing or QE II, has finally succumbed to the pressure piling on it. But in the bad news, there's good. Though, it'll use maturity proceeds from Agency debt and MBSs to buy more assets from the...
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