The writer is professor of economics, Royal Bank research professor and Johal Chair, University of British Columbia, Canada
Move to impose barriers on imports to manage the current account deficit is a throwback to the licence raj. We need to focus on the systemic issues pulling down productivity in export sectors.
RBI has been accommodative: Just compare the real interest rate with the ‘natural’ rate
Far from curbing black money and corruption, demonetisation has disrupted the economy.
Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation.