Piecing together disparate data for economic and market insights
Government is undertaking difficult job of dialling back its spending, marking a near complete unwinding of the pandemic-driven fiscal expansionWritten by Neelkanth MishraFebruary 2, 2024 06:55 IST This appeared in the Indian Express on 2 February, 2024 (link). Economic theory suggests that governments should spend more when private firms and households do not feel confident … Read more
Neelkanth Mishra | 2 November 2023 This appeared in the Economic Times on 2 November 2023 (link). Nineteen months after the Fed started hiking interest rates, and forecasters issued recession warnings, US growth remains robust, with 2023 forecasts getting upgraded. Economic output in the September 2023 quarter rose a remarkable 4.9% year-on-year, much better than … Read more
With global economic policy preferences being the opposite of those seen after the 2008-09 crisis, so should be the implicationsNeelkanth Mishra | Last Updated : Jul 13 2023 | 9:33 PM IST This appeared in the Business Standard on July 14, 2023 (link). Despite headline inflation having moderated meaningfully from the peak, bond yields in … Read more
Continuing fiscal laxity in the US means monetary policy must do more of the inflation fighting, increasing risks of financial accidents Neelkanth Mishra | Last Updated : May 08 2023 | 10:16 PM IST This appeared in the Business Standard on 9 May 2023 (link). Volatility in stock prices of US banks has persisted, even … Read more
As the resilience of the domestic economy gets tested by global headwinds, deft fiscal manoeuvres may be necessary Updated: February 2, 2023 07:40 IST | Neelkanth Mishra This appeared in the Indian Express on February 2, 2023 (link) As the state’s footprint on the economy has shrunk over the past three decades, the relevance of … Read more
A slowdown in global demand is underway; Pricing risks could be next, but monetary conditions can remain tight Neelkanth Mishra | Last Updated at September 07 2022 23:49 IST This appeared in the Business Standard on September 8, 2022 (link) This is supposed to be the busiest season for containerships ferrying goods from Asia to … Read more
Neelkanth Mishra | Aug 30, 2022 Key policymakers NK Singh and PK Mishra have written an insightful book on the dos and don’ts This appeared in the Times of India on August 31, 2022 (link). How does the will of the people translate into action? In a fast changing world, how should the few acting … Read more
Even as some inflationary impulses fade, others of more recent vintage pose new and bigger risks; one must disentangle multiple strands to reduce risk of policy errors Neelkanth Mishra | Last Updated at June 6, 2022 22:27 IST This appeared in the Business Standard on June 7, 2022 (link). An idealised wave has a predictable … Read more
Governments face a new fiscal situation: They have more funds than they can allocate Written by Neelkanth Mishra | Updated: February 2, 2022 4:58:16 am This appeared in the Indian Express on 2 February 2022 (link). If the tax-to-GDP ratio continues to climb, as it appears likely to, fiscal space may continue to expand, even … Read more
The surge in energy prices is a concern for growth; even if temporary, a reminder of India’s strategic dependence on imported energy Neelkanth Mishra | Last Updated at November 8, 2021 22:05 IST This was published in the Business Standard on November 9, 2021 (link). Not just humans, but economies also need energy to grow: … Read more