There are no credible answers as yet; the only thing that is certain for now is that, we must fight on relentlessly against this invisible enemy and eventually win. 3. Today, I thought I should move away from this preoccupation with the uncertain present and reflect on some dynamic shifts that are underway in the Indian economy.
Watson, (2010), “Modeling Inflation After the Crisis”, NBER Working Paper No. 16488. Wiederholt, M. (2015), “Empirical Properties of Inflation Expectations and the Zero Lower Bound”, mimeo, Goethe University Frankfurt. Williams, J.C. (2010), “Sailing into Headwinds: the Uncertain Outlook for the U.S. Economy”, Speech 85, Federal Reserve Bank of San Francisco. 10  BIS central bankers’ speeches