Archive for September 15th, 2011

The India Paradox: Promoting Competitive Industries in a High-Growth Country

September 15, 2011

The World Bank’s Indian Visiting Scholars Program invited two leading academics from Harvard University to visit India and to articulate potential pathways to sustain the country’s growth trajectory. These 2 scholars were Ricardo Hausmann and Dani Rodrik, of the Kennedy School at Harvard University.

They interacted with the private sector and key policymakers, including senior officials of the Department of Industrial Policy and Promotion, the Planning Commission, and the Ministry of Finance.

PSD Blog has an update on their suggestions along with many ppts from Rodrik.

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Challenges ahead for the new ECB president

September 15, 2011

Guntram B. Wolff of Bruegel institute has this nice paper on the same. Mario Draghi of Bank of Italy is scheduled to takeover from Trichet in Nov-11.

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What leads to rise in food prices in India? Interest Rates or Money Supply?

September 15, 2011

This is an interesting and super timely paper from RBI econs.

Markets are busy expecting RBI’s next move in the upcoming mon pol review on 16-Sep-11. Most are saying 25 bps hike which should be the end of the hiking cycle for time-being. However, people are surprised as to how rate hikes worth 375 bps since Mar-10 have not been enough to tame inflation. Infact it remains persistent at around 9.5% which is nearly double the RBI’s preferred range of 5-5.5%. So, are rate hikes effective? Are they effective in lowering food inflation or manufacturing inflation or both? These qs need to be looked at..

This paper says:

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