Archive for April 20th, 2010

RBI Annual Monetary Policy 2010-11 – An Update

April 20, 2010

I have tried to analyse RBI’s monetary policy announced today. Here it goes:

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Financial regulation – first define the problem

April 20, 2010

Levy Institute organised 19th Hyman Minsky conference on the topic – After the Crisis: Planning a New Financial Structure.

Paul Krugman, as expected summarises the various proposals suggested on financial sector reform. He begins by saying how health care reform is different from financial regulation reform. In former, econs hardly have differences but in finance it is all over the place. He says there are 6 broad ideas that have emerged:

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RBI moves further on transparency

April 20, 2010

I should have posted this a couple of days ago. Anyways…..

I had posted about RBI’s teleconference with researchers/analysts in its previous monetary policy. It is great to note that RBI has taken more steps to usher transparency.

RBI has been hosting press conferences post policy in Mumbai for a while now.   But this option was available only to Mumbai based media network. It was difficult for regional/other media networks to participate. Not any more. RBI Governor will also be interacting with the regional press as well via teleconference. RBI had put up a form for the regional media to register. In case people missed it, RBI has added further more information:  

Governor’s Interaction with Regional Press
Dr. D. Subbarao, Governor and Deputy Governors of the Reserve Bank of India will interact with the Regional Press on the Annual Policy through teleconference between 3.45 PM and 4.15 PM today, that is, on Tuesday, April 20, 2010.
To participate, please dial any of the numbers below:
Conference Dial-In Numbers
Primary Number: +91 22 3065 0127
Secondary Number: +91 22 6629 0340
Alternate Number: +91 22 4039 2625
The numbers listed above are universally accessible from all networks and all countries.
Local Access Number: 6000 1221
Available in – Delhi, Bangalore, Chennai, Hyderabad, Kolkata
Accessible from all major carriers except BSNL/MTNL.
Toll Free Number: USA: 1 866 746 2133
UK: 0 808 101 1573
Singapore: 800 101 2045
Hong Kong: 800 964 448

Making the entire monetary policy process more inclusive and inviting all to chip in. Great stuff from RBI once again.

Meanwhile, the telecon with researchers/analysts would be held tomorrow. In case you have missed, kindly register.

Is it all about aggregate demand?

April 20, 2010

In her latest speech, Christina Romer says deficient aggregate demand is the key to current problems.

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