Month: November 2020

Cheap money does not mean more capital flows

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Cross-border capital flows do not just get driven by interest rates; plumbing and savings patterns may matter moreNeelkanth Mishra | Last Updated at November 30, 2020 23:38 IST (This was published in the Business Standard: link) Portfolio equity inflows into emerging markets (EMs) picked up strongly in November as the US election uncertainty lifted, and … Read more

A calibrated package

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One must appreciate the restraint in “spending other people’s money”, a tendency most regimes find hard to resist. But it is equally important that nominal GDP growth picks up strongly.Written by Neelkanth Mishra | Updated: November 14, 2020 8:44:51 am (This was published in the Indian Express: link) The third package confirms some patterns in … Read more

The post-lockdown scars

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As economic indicators and tax receipts improve, evidence of stress begin to appear tooNeelkanth Mishra | Last Updated at November 3, 2020 03:08 IST (This was published in the Business Standard: link) While assessing the post-pandemic economy, last month’s Tessellatum (“After the Storm”, October 6), expected upper-income wage earners to exit the lockdown with higher … Read more