Regulatory communications are complex, boring and difficult to understand. Nishita Raje, Khaijamang Mate, Sayli Londhe and Sandhya Kuruganti of RBI study the Linguistic Complexity of Regulatory Communicationin India: With increased scope and scale of regulation, there is growing awareness for adoption of simple or plain language in central bank’s regulations. This article attempts to measure…

Mostly Economics

24.04.2024

Struggles of getting a licence to open new banks in India | Mostly Economics

RBI recently rejected two applications that had applied for Small Finance Bank licences. My piece in Deccan Herald on the struggles of getting bank licences.

Mostly Economics

24.04.2024

Unlocking the power of ideas: The power of ideas across history | Mostly Economics

ECB President Christine Lagarde in this speech poinst to the power of ideas and how ideas shape history. By inspiring action, ideas can help us grow. This might be personal growth – a student’s learning, say, allowing them to make the right decisions throughout their future career. But it holds at the societal level too:…

Mostly Economics

24.04.2024

The impact of artificial intelligence on output and inflation | Mostly Economics

Iñaki Aldasoro, Sebastian Doerr, Leonardo Gambacorta and Daniel Rees in this BIS paper estimate impact of AI on output and employment: This paper studies the effects of artificial intelligence (AI) on sectoral and aggregate employment, output and inflation in both the short and long run. We construct an index of industry exposure to AI to calibrate a macroeconomic multi-sector…

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Gauging Linguistic Complexity of Regulatory Communication: A Case Study for India | Mostly Economics

Struggles of getting a licence to open new banks in India | Mostly Economics

Unlocking the power of ideas: The power of ideas across history | Mostly Economics

The impact of artificial intelligence on output and inflation | Mostly Economics

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