Explanation of the inflation puzzle

The world is currently in the grip of high inflation. Consumer inflation in the US touched…

cantillon effect

The Cantillon effect refers to the idea that changes in the money supply in an economy…

fasten all seat belts

Can the world expect a “soft landing” as Covid stimulus and lack of war fuels inflation…

RBI’s peculiar approach to policy normalization

With major central banks around the world ready to call off the pandemic-induced monetary expansion, the…

Time for RBI to start unwinding its easy-money pandemic policy

In a meeting last week, the Monetary Policy Committee (MPC) of the Reserve Bank of India…

India’s monetary maze, and the calibrated exit we need

Recent news from central banks around the world points to a simple story – steps have…