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 ...

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 ...

Matt Bruenig of the People’s Policy Project recently wrote an article in The New York Times suggesting a policy idea that seems extremely promising and woefully overlooked. That idea is what Bruenig calls a social wealth fund—a government-owned portfolio of stocks, bonds and real estate whose dividends would be paid out directly to the citizenry. This is similar to what ...