Thursday, December 06, 2007
A paper: `New issues in Indian macro policy'
I have a working paper version up on the web, of an article titled New issues in Indian macro policy. This is forthcoming in a book edited by T. N. Ninan that will be published by Business Standard Books in 2008. In this paper, I first highlight the aspects where the Indian economy has changed substantially when compared with a decade ago. I then try to think about what fiscal policy and monetary policy in today's India should be doing, and propose directions for institutional reform. I hope this paper should be interesting to anyone thinking about Indian macroeconomics.