The politics of fiscal policy

2021-04-20T11:30:03+04:00April 20th, 2021|Economy, Finance, News|

By Dhanesh Narroo Fiscal policy dictates the fundamentals of the economy and governments are tasked with regulating the economy to achieve desired targets. Unemployment, economic growth and price stability are three consequential areas of fiscal policy that are crucial to the economy. However, politicians often distort figures and definitions so as to satisfy their [...]

Interest rates are increasingly looking hawkish

2021-02-18T00:18:28+04:00February 18th, 2021|Economy, News|

By Amit Bakhirta “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning…” Henry Ford (citing U.S. President Andrew Jackson, 1834) The 2020 pandemic fuelled a severe economic downfall that led the Bank [...]

Leadership deficit leaves Mauritius in limbo

2021-02-17T22:12:38+04:00February 17th, 2021|Economy, News|

By Samad Ramoly There will always be among us optimists who look at life through rose-tinted glasses, pessimists locked in the darker side of life, utopians who fantasise about a dream world, relativists obsessed with putting everything into perspective, even if it means coming to terms with mediocrity and ti lespri (bigots). All of [...]

Analysing and understanding the national savings

2021-02-17T21:54:15+04:00February 17th, 2021|Economy, News|

By Mubarak Sooltangos There have been loads of articles written, mainly by economists and finance professionals, since the start of the Covid pandemic. If we take stock of what is the real substance of these articles and opinions in this period of difficulty where deep thinking and quick initiatives are of the essence, we [...]

Cette île doit être secouée : le besoin de rêver

2020-12-22T09:57:07+04:00December 22nd, 2020|Economy, News|

Par Amit Bakhirta « Inventez-vous, puis réinventez-vous. » Charles Bukowski L’année 2020 a indubitablement été une année qui a ramené notre monde à une réalité oubliée mais aussi brutalement réelle : celle de la supériorité de la nature sur l’humanité. Elle nous a très certainement rappelé que nous restons humblement vulnérables à son évolution, à [...]

Does velocity of money explain growth and inflation?

2020-12-22T09:47:20+04:00December 22nd, 2020|Economy, News|

By Eric Ng Ping Cheun Policymakers, in Mauritius as elsewhere, have been pumping money into the economy in a bid to mitigate the disastrous impact of the Covid-19, let alone to restore economic growth. Such a policy is based on the monetarist assumption that more money always leads to more spending. Still, Mauritius’ real [...]

Money printing is not generating a lot of growth

2020-12-22T09:38:11+04:00December 22nd, 2020|Economy, News|

By Sameer Sharma As we look forward to 2021 and to the prospect of vaccines allowing us to get our lives back in order, from an economic standpoint at least, the world economy has recovered well and the COVID impact is looking shallower than what was initially thought. When applying non-linear machine learning ensemble [...]

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