ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Jyotirmoy BhattacharyaSubscribe to Jyotirmoy Bhattacharya

Open Economy Macroeconomics

Macroeconomics and Markets in Developing and Emerging Economies by Ashima Goyal, Oxon an d New York: Routledge, 2017; pp xix + 374, ₹ 1,095 (hardback).

Minting Pure Reason

Bitcoins for the first time provide a practical electronic alternative to currency. While there can be no guarantee that bitcoins will continue to have a positive value, the decentralised nature of the Bitcoin network makes it a strong competitor to established online payment systems.

Intelligent Devices

This summer I was tired of waking up in the middle of the night to switch off my air cooler. So I built myself an intelligent extension box that lets me use a remote to switch off the cooler from the comfort of my bed. I have no training in electronics. I don’t even own a soldering iron. Yet I...

Death in Police Custody

We have watched with disgust and horror the brutal police assault on students during a peaceful demonstration organised by four Left students’ organisations on 2 April 2013 in Kolkata and the subsequent death of Sudipta Gupta, a participant in the demonstration, while in police custody. Sudipta was...

Price Stickiness and Exchange Rate Pass-Through

A study of prices over time of a very narrow class of products sold by an online retail firm suggests that the actual price-setting behaviour of a firm is much more complex than what contemporary macroeconomic models are willing to concede.

Fiscal Deficits and the Interest Rate

There is no reason why larger borrowing by the government need raise interest rates in the economy. Is it a case of prejudice in favour of "small" government that is the reason for the continued currency of this view? Or even if the expressed view is due to a desire to keep foreign institutional investors happy, should it not be better to control speculative capital directly instead of recommending deflationary fiscal policies in the midst of a recession?
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