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Over-correction is bad economics

The day the Khan administration took over the reins of government on 20 August 2018 the budget deficit was under 6 percent of Gross Domestic Product (not at a danger…

Revisiting macro-economic policy

The State Bank of Pakistan (SBP), in its recent First Quarterly Report 2019-20, has stated that the policy mix adopted so far, “appears adequate to address the macroeconomic imbalances and…

Economics of wars

“All war is a symptom of man’s failure as a thinking animal,” John Steinbeck. Wars are dangerous, costly, destructive and inhuman. Yet history shows how they are a political indulgence…

US Fed on quest for unicorn of monetary policy

The US central bank is on a quest for a mythical goal: keeping steady economic growth without allowing inflation to catch fire. This so-called soft-landing is the unicorn of central…

US Fed on quest for unicorn of monetary policy

The US central bank is on a quest for a mythical goal: keeping steady economic growth without allowing inflation to catch fire. This so-called soft-landing is the unicorn of central…

Neoliberal Economics: The Challenge Within

Neoliberal economics: the challenge within

As a rule, our political parties have their heads in the clouds when it comes to contending with fiendish economic problems. Not surprisingly, economic issues take a backseat in political…

Policymaking Under The PTI

Policymaking under the PTI

With the formation of an 18-member Economic Advisory Council (EAC) comprising eminent economists, Imran Khan’s government will not be short of economic policymaking expertise that was sorely lacking under former…

Economics of fear

Behavioural economics has more to do with proving that real world humans are polar opposite of the economic man; while the latter is supposedly obsessed with maximising utility in a…