Recent Posts

This Brexit border blunder can’t end soon

The usual Brexit disclaimer — the UK has no good options, only less-bad ones — applies with extra force when it comes to the dilemma over the Irish border. Nevertheless, the issue will be easier to address, if not resolve, once the UK and European Union start trade negotiations in earnest. There is currently no physical border between Northern Ireland, ...

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It’s time Modi government should stop blaming RBI

Before the six-member committee that sets monetary policy for the Reserve Bank of India met this week, the government in New Delhi made its preferences very clear. Two members of Prime Minister Narendra Modi’s economic advisory council—a body that he did without for a long time, but which was recently reconstituted following several policy stumbles—publicly declared that real interest rates ...

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Central banks aren’t the only ones goosing growth

The case of the missing inflation is unresolved, but the fiscal file may have been solved. Good news: The victim is still alive and might start kicking as well. Fiscal policy is shaping up for a good 2018. The impetus mostly takes the form of tax cuts, and is coming from Asia, Europe and the US. We have grown so ...

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