Mostly Economics

Prof Servaas Storm of Delft University of Technology in this INET working paper: Bernanke and Blanchard (2023) use a simple dynamic New Keynesian model of wage-price determination to explain the ...

https://mostlyeconomics.wordpress.com/2024/04/25/tilting-at-windmills-bernanke-and-blanchards-obsession-with-the-wage-price-spiral/

Saurabh Nath, Dipak R. Chaudhari, Vikram Rajput and Gaurav Tiwari in this RBI Bulletin (Apr 24) article: This article analyses the trend in India’s foreign exchange (FX) reserves during major h...

https://mostlyeconomics.wordpress.com/2024/04/25/indias-foreign-exchange-reserves-in-high-volatility-episodes-an-empirical-assessment/

Ferdinand Dreher of ECB in this article looks at people’s trust in the central bank On aggregate, according to the Eurobarometer, trust in the ECB held up relatively well during the pandemic an...

https://mostlyeconomics.wordpress.com/2024/04/25/trust-in-the-european-central-bank-insights-from-the-consumer-expectations-survey/

Regulatory communications are complex, boring and difficult to understand. Nishita Raje, Khaijamang Mate, Sayli Londhe and Sandhya Kuruganti of RBI study the Linguistic Complexity of Regulatory C...

https://mostlyeconomics.wordpress.com/2024/04/24/gauging-linguistic-complexity-of-regulatory-communication-a-case-study-for-india/

RBI recently rejected two applications that had applied for Small Finance Bank licences. My piece in Deccan Herald on the struggles of getting bank licences.

https://mostlyeconomics.wordpress.com/2024/04/24/struggles-of-getting-a-licence-to-open-new-banks-in-india/

ECB President Christine Lagarde in this speech  poinst to the power of ideas and how ideas shape history. By inspiring action, ideas can help us grow. This might be personal growth – a student...

https://mostlyeconomics.wordpress.com/2024/04/24/unlocking-the-power-of-ideas-the-power-of-ideas-across-history/

Iñaki Aldasoro, Sebastian Doerr, Leonardo Gambacorta and Daniel Rees in this BIS paper estimate impact of AI on output and employment: This paper studies the effects of artificial intelligen...

https://mostlyeconomics.wordpress.com/2024/04/23/the-impact-of-artificial-intelligence-on-output-and-inflation/

IMF’s Global Financial Stability Report – April 2024 has a chapter on private credit: Chapter 2 assesses vulnerabilities and potential risks to financial stability in private credit, a rapidl...

https://mostlyeconomics.wordpress.com/2024/04/23/the-rise-and-risks-of-private-credit/

A Teacher Writes to Students Series (19): Dangerous Illusions By Annavajhula J C Bose, PhD Department of Economics, SRCC, DU Fake solutions are suggested for very real problems. Beware. Plutocrat...

https://mostlyeconomics.wordpress.com/2024/04/23/a-teacher-writes-to-students-series-19-dangerous-illusions/

IMF Fiscal Monitor April 2024 reviews fiscal policy in the great election year. Even as the global economic outlook is stabilizing, fiscal policy continues to struggle with legacies of high debt ...

https://mostlyeconomics.wordpress.com/2024/04/22/fiscal-policy-in-the-great-election-year/