-Financial Express Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people. Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people, TV news channel CNBC TV-18 reported. There is a willingness to announce policies that sound good and serve the political purpose dictate their nature, he also said in...
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Explainer: What Abhijit Banerjee, Esther Duflo, Michael Kremer won the Economics Nobel for -Jahnavi Sen and Kabir Agarwal
-TheWire.in All three winners argue that using randomised control trials can lead to better public policy interventions. New Delhi: The 2019 Nobel Prize for economics has been awarded to three economists who have focused on framing policies by first measuring the outcomes of alternative interventions on randomly chosen samples from a target population. Abhijit Banerjee, Esther Duflo and Michael Kremer have all worked on using this method to argue that randomised control trials...
More »Extreme weather events destroying our Economy in a big way, indicates official data
Sporadic natural events like floods and droughts have made headlines in recent times. An official report, which was released in April this year, among other things, shows that extreme weather events have taken a huge toll on both human and cattle lives, personal property and crops grown by farmers and farm workers. A chapter on extreme weather events and natural disasters in the report entitled EnviStats India 2019, Vol. I: Environment...
More »Abhijit Banerjee's prescription for Indian Economy: 'Stop PMO interference, raise NREGA wages, pray' -Rohan Venkataramakrishnan
-Scroll.in The economist, who was awarded the Nobel prize on Monday, spoke just last week about what Indian policymakers need to do. Abhijit Banerjee, the renowned economist who was one of three awarded the Nobel prize for economics on Monday, put together some prescriptions for what the Indian Economy needs right now. The last item on the list? “Pray.” On the next list, for the longer run? “Pray more.” Banerjee was speaking...
More »The minimum wage solution -Rajendran Narayanan & Sakina Dhorajiwala
-The Hindu While indexation of the NREGA wages is critical, lifting them to the minimum wage would help workers and the Economy The government made two recent announcements at two ends of the spectrum to mitigate the economic crisis. One concerns a new indexation of NREGA wages meant to increase rural incomes. The second is a reduction in corporate tax rate. Prices of commodities increase each year, so it’s important to accurately estimate...
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