Topic: Macroeconomics
Robert E Lucas
Robert E Lucas, an esteemed economist and Nobel laureate, made significant contributions to the field of macroeconomics. His work challenged the prevailing dominance of Keynesian economics and introduced...CSO proposes to replace GDP base year
The Central Statistics Office (CSO) proposes to replace the gross domestic product (GDP) series of 2011-12 base year with a new set of National Accounts using 2017-18 as...Debate over India’s GDP Numbers
The Central Statistics Office (CSO) introduced a new series of National Account Statistics in 2015. The important changes made in the new series included the change in base...United States designates China as currency manipulator
The United States has designated China a “currency manipulator”, following the devaluation of the Yuan. The move could escalate the tense trade relations between the two nations. The...US Federal Reserve’s Rate Cut: Impact on India
The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke...Ramesh Chand head of working group to revise current series of Wholesale Price Index
The Union Government has constituted an 18-member working group for the revision of the current series of Wholesale Price Index (WPI) under Chairmanship of Prof. Ramesh Chand, Member...
