No one had more cumulative influence on the macroeconomic policy makers of the last generation than Stanley Fischer. Central Bank governors Ben Bernanke, Mario Draghi and Kazuo Ueda were his students, as were many others like me, who served in other capacities. We all were shaped by his clarity of thought, intellectual balance, personal decency and quality of character.
In a broader sense, everyone who was involved in the macro policy enterprise was Stan Fischer's disciple. People all over the world who never knew his name lived better, more secure, lives because of all that he did through his teaching, writing and service.
In one lifetime he did the work of many. I have lost a role model and friend.
@TimesAlgebraIND Absolute disgrace by those sitting in the opposition. Must stop. Stop the divisive politics. Please focus on inclusive polices.
Stop talking on behalf of people especially when it is all false. Last 10 years going to vain in less than 10 days of opposition sitting in parliament
Who all got the March #CPI prediction correct? I see only one: Indranil Pan of @YESBANK. Congratulations.
Achala Jethmalani of @rblbank came close (5.64%) & Saugato Bhattacharya of @AxisBank (5.69%).
Wide of the mark? @MoodysAnalytics 6.3%.
Actual figure? You know 5.66%
May the light of Diwali remind us that from darkness there is knowledge, wisdom, and truth. From division, unity. From despair, hope.
To Hindus, Sikhs, Jains, and Buddhists celebrating in America and around the world — from the People’s House to yours, happy Diwali.
Will the #taper have any appreciable B/S impact for the Fed? No.
The chart below shows the #Fed's #balancesheet (B/S) that has grown to the current $8.6tr from $4.2tr pre-COVID. The markets always link taper to the Fed's B/S. While this is true, the impending taper from...(1/6)
Heard an intriguing idea to solve fuel shortages today. Instead of fixing a maximum spend (eg £25), have a minimum spend (say, £60). Anyone just top-top-topping up their cars would stop. Only people running low would actually buy fuel.