The promise and peril of generative AI: Should research be stopped?
Generative AI has taken the world by storm. The best known among them, a language model, ChatGPT by OpenAI, reached a 100 million user...
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Robert Lucas, the Nobel laureate who revolutionized macroeconomics
It is probably no exaggeration to say that Robert E. Lucas Junior, better known as Bob Lucas, was the most influential economist of the...
Why the Fed is right in hiking rates
When thinking about what is the optimal monetary policy, it is best not to conflate two different functions of the Fed — controlling...
Budget 2023: Will boost short term growth; short on long term vision
There is no other policy announcement in India, and maybe even globally, from which so much is expected other than the annual budget...
Freebies
An important ongoing public debate in India right now is about providing “freebies.” Initiated by the Prime Minister, several political...
RBI: Stay the Course
It is now certain that the growth rate of the Indian economy will be much lower than the RBI projection of 7.2 percent. So, the anxiety...
Why RBI’s inflation forecasting model needs to be bolstered for economic recovery
William M Martin, former US Federal Reserve chairman, had observed, 'Inflation is a thief in the night and if we don't act promptly and...
Budget 2022 - Needed a balancing act
The 2022 budget needed to do a balancing act. While the economy is back on the growth path, it has been uneven. The aggregate GDP number...
Asia: Up for change?
The fog of uncertainty that has engulfed us over the last two years lingers on. It is difficult, indeed risky, to peer through that...
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