Archive for November 10th, 2010

Principles of market design

November 10, 2010

The works of Al Roth is a huge interest area but am not able to focus given so much work on other areas.

Carmen Nobel profiles the Roth’s works in this nice article:

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Usha Thorat’s superb interview

November 10, 2010

Usha Thorat, RBI’s Deputy Governor stepped down on Tuesday (9 Nov 2010) as her 5-year term got over.

Tamal Bandyopadhyay & Dinesh Unnikrishnan of Mint have a superb interview of Thorat.

She compares the  various RBI Governors she has worked under:

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What does normalisation of Monetary Policy or neutral interest rates mean?

November 10, 2010

I have been scratching my head since RBI started to use this term – normalisation of Monetary Policy/interest rates. What does it mean?

Going by economic theory, one way to understand normalisation is using Taylor rule. Simply put, Taylor rule states: 

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