[ad_1] The remarkable insights into the changing pattern of household consumption thrown up by the latest Household Consumption Expenditure Survey (HCES) 2023-24 are of special relevance for a wide range of policy decisions. Take, for instance, an issue that seemed to have become a bone of contention between the government and the Reserve Bank of…
[ad_1] But a research paper suggests this may be the Fed’s swan song. In the coming years, it is likely to get weaker, the result of two separate but related developments—one positive, the other negative. In the last few decades, the Fed has gained extraordinary power over the US economy. This is in part because…
[ad_1] India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP). So government borrowing in any given year cannot exceed that limit, to rein in profligate budgeting. However, a rigid limit on government borrowing can be counterproductive in some situations. For…
