Blogging has been weak. The reason has been this study which I was trying to do.
I have tried to compare RBI balance sheet with balance sheet of some select central banks. The comparison is pre-crisis and post-crisis.
The paper given an eco perspective to political unwillingness. In the process, we also understand why certain political decisions are made. We also get some amazing literature to read on the subject. It also helps us understand a bit about why UPA won elections in 2009.
The paper looks at why most policies are inefficient. Political unwillingness seems to be a critical reason as per the author.