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N Chandra Mohan: What is risk topography?
The global economic crisis of 2008-09 has triggered much soul searching in the economics profession. How come only a few economists saw it coming? Was it because the profession was blind to the very possibility of catastrophic failures in a market economy, as Nobel laureate Paul Krugman put it? Such thoughts naturally warrant a more relevant theory. Or was it largely a predictive failure? The response
The global economic crisis of 2008-09 has triggered much soul searching in the economics profession. How come only a few economists saw it coming? Was it because the profession was blind to the very possibility of catastrophic failures in a market economy, as Nobel laureate Paul Krugman put it? Such thoughts naturally warrant a more relevant theory. Or was it largely a predictive failure? The response
Parthasarathi Shome: Year of Fiscal consolidation
The 2008-09 global financial crisis led to severe economic contraction — actual decline in GDP — in several advanced economies. In the UK, for example, the medium-term GDP trend shifted
N Chandra Mohan: Emerging lessons
When this writer was doing his research at the Centre for Development Studies in the late 1970s, Professor Kazushi Ohkawa of Hitotsubashi University gave a talk on Japan’s successful economic
A V Rajwade: Managing G3 currencies
In a recent article (October 19, 2009), Financial Times quoted Tim Adams, former under secretary for International Affairs at the US Treasury, as saying: "The exchange rate is the tail on the dog.
Abheek Barua: How much foreign capital do we need?
Higher growth is a function largely of domestic savings, not external finance, says ABHEEK BARUA
Higher growth is a function largely of domestic savings, not external finance, says ABHEEK BARUA
Slowdown raises spectre of deflation
For a world waiting with bated breath for news of any revival in the US economy, the words of James Poterba, President of the National Bureau of Economic Research (NBER), came as a distressing reality
For a world waiting with bated breath for news of any revival in the US economy, the words of James Poterba, President of the National Bureau of Economic Research (NBER), came as a distressing reality
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