Lekha Chakraborty (Professor, NIPFP, and Member of Governing Board, International Institute of Public Finance, Munich) Climate change is about risks and uncertainty. How well the monetary policy stance can incorporate such risks and uncertainties is questioned by many economists. There is a broad consensus among economists that fiscal policy is capable of dealing with the […]
climate
And onto today’s climate forecast, where we can expect to see a prolonged spell of inaction, interspersed with patches of hazy promises across many areas. Over Westminster and other centres of government, a build-up of hot air will cause inactivity to soar to record levels over the coming days, in spite of the high pressure. Elsewhere,…