liquidity

More money’s on its way!

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Neelkanth Mishra | Sep 16, 2024, 11:40:00 PM IST This appeared in the Economic Times on 17 September 2024 (link). The economy has slowed over the past few months. Sales growth has decelerated for both consumption items like cars, and for proxies of investment like cement. This was visible in the June quarter GDP report, … Read more

Stability – not political gestures

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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

When DMs become EMs

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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