My latest research from a heterodox macroeconomics perspective

Earlier this year, I had undertaken to carry out a few country studies from a heterodox macroeconomic perspective.  Three of them have now been published:

1. China’s macroeconomic policy options: a sectoral financial balances approach,Studies in Business & Economics, 2016, 11(1): 152-163.
   
    
2. Cracks in BRICs: a sectoral financial balances analysis and implications for macroeconomic policy, Theoretical and Applied Economics, 23(3), Autumn: 53-78.
   
    
3. Can a country really go broke? Deconstructing Saudi Arabia’s macroeconomic crisis, Real World Economics Review, Issue 76, September 2016: 75-94.
   
   
   The above articles can be read at:
   
   
   
   http://Independent.academia.edu/SashiSivramkrishna

Looking forward to some critical comments.

Growth rate predictions!

Students often ask how economists arrive at their growth forecast.  Quite arbitrary I would say.

Here is an excerpt from a question posed to Arvind Subramanian, Chief Economic Advisor.

"Analysts are projecting GDP growth near about 7 per cent — Moody’s for instance talks about 7 per cent, Fitch says 7.8 per cent and Standard Chartered Bank 7.3 per cent versus 7.7 per cent earlier — and this is on the back of FY15 GDP growth coming in at 7.3 per cent. Are we still within this range including the lowest forecast by Moody’s at around 7 per cent?"

The interview can be read at:

http://www.thehindubusinessline.com/economy/you-should-never-make-predictions-about-the-future-certainly-not-oil-prices/article7707968.ece