Climate Change Fundamentalists, like all fundamentalists, are not concerned with balance, context and the possibility of being wrong?just moral absolutes.
The pace of the dollar?s slip and slide will quicken in coming months. Expect a further 10-15% devaluation of the…
The IMF semi-annual review is out and Oliver Blanchard, the IMF Chief Economist is quoted saying: ?A decrease in China?s…
I was in New Delhi last week, speaking at a conference organised by ICRIER and the think tanks, Brussels-based Bruegel…
In 1971, as currency speculation tore apart the Bretton Woods system of pegged exchange rates, the Nobel Laureate economist James…
The failure of bank risk models was inevitable. Worse, it was predictable. In grave danger of sounding incredibly immodest, I,…
The economic data shows a gathering recovery around the world. My instinct is that this recovery is what the crude…
The economic transformation of India rests on three things. Macro economists like myself get agitated about issues of exchange rate…
I recall in the early years of the crisis, being invited to attend an informal meeting in Washington of the…
The chairman of the Federal Reserve, Ben Bernanke, has delivered his semi-annual ?Humphrey-Hawkins? Testimony to the US Congress on monetary…
Economic adjustment is highly frustrating for economic commentators. It takes so long to arrive that you lose much credibility arguing…
In recent weeks, a debate has played out on the pages of the international financial press, and perhaps more importantly,…
The Congress has been given a rare opportunity to form a government that can get things done-legislatively at least.
The rebound in global equity markets is not entirely unfounded. The recent severe decline in economic activity, trade, consumer confidence…
There is an emerging consensus that banks had insufficient capital and that they should be required to hold more capital…
One of the reasons why the US and British authorities were keen on the G20 Leaders meeting on April 2…
On April 2, a strange thing happened. No, it wasn?t that India?s Prime Minister rubbed shoulders with global leaders in…
The G-20 summit will not mark a turning point in the path of this crisis; but it provides the strongest…
