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India needs Market Monetarism
There is no doubt that the popularity of NGDP level targeting is increasing and with that partly also the popularity of Market Monetarism. However, as the popularity is growing so is the...
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In Indian inflation is always and everywhere a rainy phenomenon
Take a look at this “Phillips” curve for India (its not really a real Phillips curve – as it is the relationship between annual real GDP growth and inflation): Do you notice something? Yes you are...
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Too easy AND too tight – the RBI’s counterproductive stop-go policies
Only a couple of days ago I was complaining that the Turkish (and the Polish) central bank(s) have been intervening in the currency markets. My complains of the Turkish central bank’s fear-of-floating...
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The Second Asian Crisis? Feeling the impact of Chinese monetary tightening
This is from Bloomberg this morning: Asian stocks fell for a fourth day after U.S. Treasury yields reached a two-year high. Currencies from Malaysia to Thailand declined amid an emerging market exodus...
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