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Ajay Shah

Ajay Shah

Ajay Shah studied at IIT, Bombay and USC, Los Angeles. He has held positions at the Centre for Monitoring Indian Economy, Indira Gandhi Institute for Development Research and the Ministry of Finance, and now works at NIPFP where he co-leads the NIPFP-DEA Research Programme. His research interests include policy issues on Indian economic growth, open economy macroeconomics, public finance, financial economics and pensions.ajayshah@mayin.org

Jun 25, 2012

There is no tradeoff between growth and inflation

Some people think that a little higher inflation is better than slower growth. But this is a fallacious argument #Business/Finance #Growth vsInflation #Monetary policy #Stagflation #Tradeoffs

May 17, 2012

What security? Costs of KYC outweigh the benefits

We in India have given up even an attempt at protecting civil liberties from an encroaching state that wants to know a lot about us. #KYC #Money laundering #Open wifi networks #Security

May 7, 2012

A setback to public sector elementary education

The RTE Act was an attack by public sector schools to hobble private providers of education. A discussion on pros and cons. #Education #education services #India #Right to Education

Apr 26, 2012

Delhi airport hike: precedent that will be closely watched

How should tariffs be set for natural monopolies like airports? The recent tariff hike for Delhi airport will be closely watched #AERC #AirportFees #Business/Finance #Delhi Airport #Infrastructure #OnOurMind

Apr 23, 2012

Welfare programmes change people’s behaviours

Welfare programmes everywhere change human behaviour. NREGA too has done so by preventing migration to cities - something that's needed for progress. #Employment law #NREGA #Welfare economics #WelfareState

Apr 11, 2012

Gujarat innovates a new trail in Right to Education

Gujarat's Rules for the Right to Education Act focus on outcomes rather than just inputs. Parents and children are also at the centre of the innovation. #Gujarat #Gujarat RTE Rules #Knowledge #Right to Education

Feb 3, 2012

Some interesting readings

A guide to some of the interesting articles of the last few weeks #Books We Like

Jan 27, 2012

The US takes to inflation targeting – and how!

The US Fed has announced an official inflation rate it will be targeting - 2 percent. It proposes to make policy more transparent. #Ben Bernanke #Inflation #NotJobsButPassion #Paul Volcker #US Fed

Jan 14, 2012

Land ownership as a curse: How India’s landowners lost out

India's landed gentry have lost out due to a lack of engagement with the market. #Capitalism #Economy of India #India #NotJobsButPassion #Rural Landowners #The Long View

Dec 13, 2011

Business cycle effect: Why our growth will be volatile

Bad policy may be lowering the Indian economy's trend rate of growth, but the business cycle will give us more volatility in GDP growth. #Business cycle #GDP growth #Inflation #Monetary policy #NotJobsButPassion #The Long View